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XYZ, LLC reported a profit margin of 9 percent, sales of $26.2 million, and total assets of $8.2 million. a. What was the total asset

XYZ, LLC reported a profit margin of 9 percent, sales of $26.2 million, and total assets of $8.2 million.

a. What was the total asset turnover? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
b.

If management set a goal of increasing total asset turnover to 3.25 times, what would the new sales figure need to be, assuming no increase in total assets? (Do not round intermediate calculations and enter your answer in dollars, not millions, rounded to the nearest whole dollar, e.g., 1,234,567.)

Bald Eagle, Inc.

reports the following balance sheet information for 2018 and 2019.
Bald Eagle, Inc. Balance Sheets as of December 31, 2018 and 2019
2018 2019 2018 2019
Assets Liabilities and Owners Equity
Current assets Current liabilities
Cash $ 40,010 $ 51,181 Accounts payable $ 191,922 $ 199,611
Accounts receivable 60,281 80,639 Notes payable 87,020 138,588
Inventory 128,441 194,689
Total $ 278,942 $ 338,199
Total $ 228,732 $ 326,509
Long-term debt $ 241,000 $ 177,750
Owners equity
Common stock and paid-in surplus $ 214,000 $ 214,000
Accumulated retained earnings 152,537 186,038
Fixed assets
Net plant and equipment $ 657,747 $ 589,478 Total $ 366,537 $ 400,038
Total assets $ 886,479 $ 915,987 Total liabilities and owners equity $ 886,479 $ 915,987

Suppose that the Bald Eagle had sales of $2,216,873 and net income of $103,381 for the year ending December 31, 2019.

Calculate ROE using the DuPont identity. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Enter the profit margin and return on equity as a percent.)
Profit margin %
Total asset turnover times
Equity multiplier times
Return on equity %

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