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Kansas Office Supply had $24,000,000 in sales last year The company's net income was $400,000. Its total assets turnover was 6.0, and the company's ROE was 15 percent. The company is traced entirety with debt and common equity. What a the company's debt ratio? 0.20 0.30 0.33 0.60 0.66 Lancaster Co and York Co. both have the same return on assets (ROA). However, Lancaster has a higher total assets turnover and a higher equity multiplier than York Which of the following statements a most correct? Lancaster has a tower profit margin than York Lancaster has a lower debt ratio than York Lancaster has a higher return on equity (ROE) than York Statements a and c are correct All of the statements above are correct. Which of the following are examples of a primary market transaction? A company issues new common stock, A company issues new bonds. An investor asks his broker to purchase 1,000 shares of Microsoft common stock All of the statements above are correct Statements a and b are correct Roland & Company has a new management team that has developed an operating plan to improve upon last year's ROE The new plan would place the debt ratio at 55 percent, when will result in interest charges of $7,000 per year EBIT is projected to be $25,000 on sales of $270,000, it expects to have a total assets turnover ratio of 3 0. and the average tax rate will be 40 percent What does Roland & Company expect its return on equity to be following the changes? 1765% 2182% 2667% 44.44% 51.25%