Question
In 2018, Jake's Jamming Music, Inc. announced an ROA of 8.64 percent, ROE of 15.30 percent, and profit margin of 15.7 percent. The firm had
In 2018, Jake's Jamming Music, Inc. announced an ROA of 8.64 percent, ROE of 15.30 percent, and profit margin of 15.7 percent. The firm had total assets of $10.3 million at year-end 2018.
1. Calculate the 2018 value of net income available to common stockholders for Jakes Jamming Music, Inc. (Enter your answer in dollars. Round your answer to the nearest whole dollar.)
2. Calculate the 2018 value of common stockholders equity for Jakes Jamming Music, Inc. (Enter your answer in dollars not in millions and round to the nearest whole dollar.)
3. Calculate the 2018 value of net sales for Jakes Jamming Music, Inc. (Enter your answer in dollars not in millions and round to the nearest whole dollar.)
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