Question: Easter Egg and Poultry Company has $ 1 , 1 9 0 , 0 0 0 in assets and $ 6 4 7 , 0

Easter Egg and Poultry Company has $1,190,000 in assets and $647,000 of debt. It reports net income of $185,000.
What is the firms return on assets?
Note: Enter your answer as a percent rounded to 2 decimal places.
What is its return on stockholders equity?
Note: Enter your answer as a percent rounded to 2 decimal places.
If the firm has an asset turnover ratio of 1.5 times, what is the profit margin (return on sales)?
Note: Enter your answer as a percent rounded to 2 decimal places.Easter Egg and Poultry Company has $1,190,000 in assets and $647,000 of debt. It reports net income of $185,000.
a. What is the firm's return on assets?
Note: Enter your answer as a percent rounded to 2 decimal places.
b. What is its return on stockholders' equity?
Note: Enter your answer as a percent rounded to 2 decimal places.
Return on equity
%
c. If the firm has an asset turnover ratio of 1.5 times, what is the profit margin (return on sales)?
Note: Enter your answer as a percent rounded to 2 decimal places.
Profit margin
 Easter Egg and Poultry Company has $1,190,000 in assets and $647,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!