Part A:
Net Income = Sales * Profit Margin
= $ 19.6 M * 9%
= $ 1.764 M
Part B:
Return on Assets = Net Income / Asset
= $ 1.764 M / $ 14.6 M
= 0.1208 i,e 12.08%
Part C:
Equity = Assets - Liabilities
= $ 14.6 M - $ 5.4 M
= $ 9.2 M
ROE = Net Income / Equity
= $ 1.746 M / $ 9.2 M
= 0.1917
i.e 19.17%
Pls comment, if any further assistance is required.
2 Problem 3-2 Calculating Profitability Ratios (LO 2) Aquilera, Inc., has sales of $19.6 million, total...
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