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Follies Bookstore, the only bookstore close to campus, had net income in 20X5 of $90,000. Here are some of the financial ratios from the
Follies Bookstore, the only bookstore close to campus, had net income in 20X5 of $90,000. Here are some of the financial ratios from the annual report. Profit Margin Return on Investment Debt to Asset Ratio 12% 20% 55% Using these ratios, calculate the following for Follies Bookstore: A) Sales B) Total assets C) Total asset turnover D) Total debt E) Shareholders' equity F) Return on equity
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