Thursday 9 August 2012

Here and Gone, Inc., has sales of $18.1 million, total assets of $13.1 million, and total debt of $3.9

Here and Gone, Inc., has sales of $18.1 million, total assets of $13.1 million, and total debt of $3.9 million. Assume the profit margin is 9 percent.

Requirement 1:
What is net income? (Do not include the dollar sign ($). Enter your answer in dollars, not millions of dollars (e.g., 1,234,567).)
 
  Net income $  
 
Requirement 2:
What is ROA? (Do not include the percent sign (%). Round your answer to 2 decimal places (e.g., 32.16).)
 
  ROA %  

Requirement 3:
What is ROE? (Do not include the percent sign (%). Round your answer to 2 decimal places (e.g., 32.16).)
 
  ROE %  
 

Explanation:

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