Question
Martinez, Inc., has a total debt ratio of 0.49, total debt of $330,000, and net income of $42,000. Required: What is the companys total assets?
Martinez, Inc., has a total debt ratio of 0.49, total debt of $330,000, and net income of $42,000.
Required: What is the companys total assets? (Do not round intermediate calculations.Round your answer to the nearest whole number (e.g., 32).)
Total assets $
What is the companys total equity? (Do not round intermediate calculations. Round your answer to the nearest whole number (e.g., 32).)
Total equity $
What is the companys return on equity? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
Return on equity %
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