Follies Bookstore, the only bookstore close to campus, had net income in 2005 of $90,000.
Here are some of the financial ratios from the annual report.
Profit Margin ...........................12%
Return on Assets .....................20%
Debt to Asset Ratio .................55%
Using these ratios, calculate the following for Follies Bookstore:
a) Sales
b) Total assets
c) Total asset turnover
d) Total debt
e) Stockholders' equity
f) Return on equity