In 2015, Jakes Jamming Music, Inc. announced an ROA of 8.56 percent, ROE of 14.5 percent, and

Question:

In 2015, Jake’s Jamming Music, Inc. announced an ROA of 8.56 percent, ROE of 14.5 percent, and profit margin of 20.5 percent. The firm had total assets of $9.5 million at year-end 2015. Calculate the 2015 values of net income available to common stockholders, common stockholders’ equity, and net sales for Jake’s Jamming Music, Inc.