Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Hello tutor, please help me solve these problems. Thank you! Question 43 1 pts Shepherd Enterprises has an ROE of 15 percent, a debt ratio
Hello tutor, please help me solve these problems. Thank you!
Question 43 1 pts Shepherd Enterprises has an ROE of 15 percent, a debt ratio of 40 percent, and a profit margin of 5 percent. The company's total assets equal P800 million. What are the company's sales? (Assume that the company has no preferred stock.) O P 1,440,000,000 O P 120,000,000 O P 360,000,000 O P 2,400,000,000Question 44 1 pts Samuels Equipment has P10 million in sales. Its ROE is 15 percent and its total assets turnover is 3.50. The company is 100 percent equity-financed. What is the company's net income? O P2,333,333 O P 428,571 O P2,857,143 O P1,500,000Question 45 1 pts Moss Motors has P8 billion in assets, and its tax rate is 40 percent. The company's basic earning power (BEP) ratio is 12 percent, and its return on assets (ROA) is 3 percent. What is Moss's times' interest earned (TIE) ratio? O 1.71 O 1.00 O 1.33 O 2.25Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started