Question
Highgate Computer Company produces $1.9 million in profits from $20 million in sales. It has total assets of$10.1 million. a. Calculate Highgate's total asset turnover
Highgate Computer Company produces $1.9 million in profits from $20 million in sales. It has total assets of$10.1 million.
a.Calculate Highgate's total asset turnover and its net profit margin.
b.Find the company's ROA, ROE, and book value per share, given that it has a total net worth of $3.9 million and 283,051 shares of common stock outstanding.
a.Highgate's total asset turnover is _____ (Round to two decimal places.)
Highgate's net profit margin is _____%. (Round to two decimal places.)
b.The company's ROA is ____%. (Round to two decimal places.)
The company's ROE is ___%. (Round to two decimal places.)
The company's book value per share is $____ (Round to two decimal places.)
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