Tuesday 10 September 2013

Here and Gone, Inc., has sales of $19.3 million, total assets of $14.3 million, and total debt of $5.1 million. Assume the profit margin is 11 percent. Requirement 1: What is net income? (Do not include the dollar sign ($). 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 %

Here and Gone, Inc., has sales of $19.3 million, total assets of $14.3 million, and total debt of $5.1 million. Assume the profit margin is 11 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 %  

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