Problem 3

Orlando Imaging Center Corporation (OICC) had net income in 2016 of $90,000. Here are some of the financial ratios from the annual report.

Profit Margin 12%

Return on Assets 20%

Debt to Asset Ratio 55%

Using these ratios, calculate the following for OICC (SHOW YOUR WORK):

a) Sales

b) Total assets

c) Total asset turnover

d) Total debt

e) Stockholders' equity

f) Return on equity