Chapter 3 Question 8

In 2015, Jake's Jamming Music, Inc., announced an ROA of 8.57 percent, ROE of 14.60 percent, and profit margin of 19.9 percent. The firm had total assets of $9.6 million at year-end 2015.

Calculate the 2015 value of net income available to common stockholders for Jakes Jamming Music, Inc. (Enter your answers in dollars not in millions and round to the nearest whole dollar.)

Net income

$

Calculate the 2015 value of common stockholders equity for Jakes Jamming Music, Inc. (Round your answer to the nearest dollar amount.)

Common stockholders equity

$

Calculate the 2015 value of net sales for Jakes Jamming Music, Inc. (Round your answer to the nearest dollar amount.)

Net sales

$