Orlando imaging center corporation oicc had net income in

Question

Orlando Imaging Center Corporation (OICC) had net income in 2016 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 OICC (SHOW YOUR WORK):

a) Sales

b) Total assets

c) Total asset turnover

d) Total debt

e) Stockholders' equity

f) Return on equity