Question
In 2021, Jake's Jamming Music, Inc., announced an ROA of 8.59 percent, ROE of 14.80 percent, and profit margin of 18.7 percent. The firm had
In 2021, Jake's Jamming Music, Inc., announced an ROA of 8.59 percent, ROE of 14.80 percent, and profit margin of 18.7 percent. The firm had total assets of $9.8 million at year-end 2021.
Calculate the 2021 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.)
My answer: 841,820 (shows as correct)
Calculate the 2021 common stockholders equity for Jakes Jamming Music, Inc. (Enter your answer in dollars not in millions and round to the nearest whole dollar.)
My answer: 1,450,400 (shows as incorrect)
Calculate the 2021 net sales for Jakes Jamming Music, Inc. (Enter your answer in dollars not in millions and round to the nearest whole dollar.)
My answer: 4,501,711 (shows as correct)
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