Assets Liabilities and Equity

Cash $10,000$ Accounts payable $16,000$

Marketable securities $4,000$ Notes payable $8,000$

Accounts receivable $8,000$ Current liabilities $24,000$

Inventory $30,000$ Long$-$term debt $80,000$

Current assets $52,000$ Total liabilities $104,000$

Machines $42,000$ Paid$-$in capital $30,000$

Real estate $60,000$ Retained earnings $20,000$

Net fixed assets $102,000$ Equity $50,000$

Total assets $154,000$ Total liab. & equity $154,000$

Line item Value

Sales $390,000$

Operating expenses $312,000$

Depreciation $25,000$

EBIT $53,000$

Interest $8,000$

Taxable income $45,000$

Taxes $14,850$

Net income $30,150$ What is total asset turnover?

What is the equity multiplier?

What is ROE?