Easter Egg and Poultry Company has $1,640,000 in assets and $695,000 of debt. It reports net income

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Easter Egg and Poultry Company has $1,640,000 in assets and $695,000 of debt. It reports net income of $161,000.

What is the firm's 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 5 times, what is the profit margin (return on sales)?

Note: Enter your answer as a percent rounded to 2 decimal places.

Related Book For answer-question

Calculus

ISBN: 978-0131429246

9th edition

Authors: Dale Varberg, Edwin J. Purcell, Steven E. Rigdon

See More Books

Posted Date: Feb 29, 2024 07:45 AM

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Easter Egg and Poultry Company has $1,640,000 in assets and $695,000 of debt. It reports net income

Question:

Expert Answer:

To calculate the firms return on assets ROA we use the formula ROA Net IncomeTotal Assets x 100 Su... View the full answer

Calculus

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