P 2-27 (similar to) s Question Help Ladders, Inc. has a net profit margin of 5.1% on sales of $49.5 million. It has book value of equity of $40.7 million and total book liabilities of $30.4 million. What is Ladders' ROE? ROA? Note: Assume the value of Interest Expense is equal to zero. What is Ladders' ROE? Ladders' ROE is %. (Round to two decimal places.) P 2-21 (similar to) Question Help o In early 2016, the following information was true about Abercrombie and Fitch (ANF) and The Gap (GPS), both clothing retailers. Values (except price per share) are in millions of dollars. ANF GPS Book Equity $1,287 $2,542 Price Per Share $18.58 $24.62 Number of Shares 69.38 million 400.95 million a. What is the market-to-book ratio of each company? b. What conclusion do you draw from comparing the two ratios? a. What is the market-to-book ratio of each company? The market-to-book ratio for ANF is (Round to two decimal places.) P 2-26 (similar to) A Question Help Chutes & Co. has interest expense of $1.09 million and an operating margin of 11.9% on total sales of $29.5 million. What is Chutes' interest coverage ratio? The interest coverage ratio is times. (Round to one decimal place.) P2-23 (similar to) A Question Help Local Co. has sales of $10.4 million and cost of sales of $6.1 million. Its selling, general and administrative expenses are $540,000 and its research and development is $1.4 million. It has annual depreciation charges of $1.4 million and a tax rate of 35%. a. What is Local's gross margin? b. What is Local's operating margin? c. What is Local's net profit margin? a. What is Local's gross margin? Local's gross margin is %. (Round to one decimal place.) P 2-28 (similar to) 8 Question Help JPJ Corp has sales of $1.12 million, accounts receivable of $50,000, total assets of $5.15 million (of which $2.93 million are fixed assets), inventory of $153,000, and cost of goods sold of $605,000. What is JPJ's accounts receivable days? Fixed asset turnover? Total asset turnover? Inventory turnover? What is JPJ's accounts receivable days? JPJ's accounts receivable days are days. (Round to two decimal places.)