Question 1

If sales are $276,152 and net income is $28,431, what is the profit margin? Convert the rate to a percent and enter it in the box to the nearest hundredth as in xx.xx%. You may leave out the percentage sign but to maintain two-place accuracy as a percent,you need four places to the right of the decimal point when calculating the ratio initially.

Question 2

An income statement has $25.5 million in sales, $13.8 million in operating costs, and $5.5 in depreciations. Interest is 10% and taxes are 35%. What is the EBIT? Please answer in units of million dollars to the closest tenth of a million as in $x.x million without entering the dollar sign or the million word.

Question 3

With sales of $269,687, total assets of $144,234, profit margin of 5%, and equity multiplier of 1.3, what would be the ROE? Convert the profit margin rate to a percent and report it to the nearest hundredth as in xx.xx % but not entering the percent sign.