In 2021, Jakes Jamming Music, Inc., announced an ROA of 8.56 percent, ROE of 14.5 percent, and

Question:

In 2021, 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 2021. Calculate the 2021 values of net income available to common stockholders, common stockholders’ equity, and net sales for Jake’s Jamming Music, Inc.

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