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MY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK NEXT Question For the year ended June 30, 2013, Northern Clothing Company has
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Answer #1

1:Net Income = ROA * assets = 10.95%*99110000 = 10,852,545

2: Net Sales = Net Income/Profit margin = 93,234,922.7

3: Equity = Net Income/ROE = 10852545.00/22.16% = 48973578.52

Debt = Assets- Equity = 99110000-48973578.52

= 50136421.48

Debt Equity ratio = 50136421.48/ 48973578.52

= 102.37%

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