Question 1

What is the asset turnover ratio if sales are $36,049 and assets are $14,541?

Question 2

Over fiscal 2019, a firm's income statement had $584,688 as net income and $211,281 as dividends. The 2019 balance sheet showed total common equity as $5,000,000. The firm has 255,443 shares outstanding, with no new stock issued or repurchased over the year. The book value at the end of 2019 is?

Question 3

If an all equity firm with $742,381 equity wants to issue debt and raise the debt ratio to 0.38 without any change in assets and by retiring the debt with the proceeds, how much to they need to borrow? Answer to the nearest dollar, omitting the dollar sign.