Pedro & Son's total common equity at the end of last year was $405,000 and its net income was $70,000. What was its ROE?

_%?

Suppose Ningbo Steel had sales revenue of $11,000 sales revenue, cost of goods sold of $5,000, operating expenses of $3000, interest expense of $1,000, a tax rate of 20%, and 1,000 shares of common stock outstanding. Based on this information, net profit after tax was:

$_?

Donald Martin, the CFO of Ivanhoe Automotive, Inc., is putting together this year's financial statements. He has gathered the following balance sheet information: The firm had a cash balance of $23,015, accounts payable of $163,257, common stock of $311,000, retained earnings of $512,159, inventory of $212,600, goodwill and other assets equal to $78,656, net plant and equipment of $713,900, and short-term notes payable of $21,115. It also had accounts receivable of $141,258 and other current assets of $11,223. How much long-term debt does Ivanhoe Automotive have?

Long term debt $_?