Question
Shelton, Inc., has sales of $29 million, total assets of $27.1 million, and total debt of $9.3 million. Assume the profit margin is 11 percent.
Shelton, Inc., has sales of $29 million, total assets of $27.1 million, and total debt of $9.3 million. Assume the profit margin is 11 percent.
What is the company's net income? (Do not round intermediate calculations. Enter your answer in dollars not in millions, e.g., 1,234,567.)
What is the company's ROA? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
What is the company's ROE? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
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International Financial Reporting Standards An Introduction
Authors: Belverd Needles, Marian Powers
2nd edition
053847680X, 978-1111793234, 1111793239, 978-0538476805
