Question:
If I have a store that had a net income in 2005 of $90,000, some of the financial ratios from my annual report are:
Profit Margin - 12%
Return on Assets - 20%
Debt to Assets Ratio - 55%
I need to calculate the following:
a. Sales
b. Total Assets
c. Total Asset Turnover
d. Total Debt
e. Stockholders Equity
f. Return on Equity