Follies Bookstore, the only bookstore close to campus, had net income in 20X5 of $90,000. Here...

Transcribed Image Text:

Follies Bookstore, the only bookstore close to campus, had net income in 20X5 of $90,000. Here are some of the financial ratios from the annual report. Profit Margin Return on Investment Debt to Asset Ratio 12% 20% 55% Using these ratios, calculate the following for Follies Bookstore: A) Sales B) Total assets C) Total asset turnover D) Total debt E) Shareholders' equity F) Return on equity Follies Bookstore, the only bookstore close to campus, had net income in 20X5 of $90,000. Here are some of the financial ratios from the annual report. Profit Margin Return on Investment Debt to Asset Ratio 12% 20% 55% Using these ratios, calculate the following for Follies Bookstore: A) Sales B) Total assets C) Total asset turnover D) Total debt E) Shareholders' equity F) Return on equity