North Star had the following data (thousands of dollars):

Cash and equivalents	100.00
Fixed assets	283.50
Sales	1,000.00
Net income	50.00
Current liabilities	105.50
Notes payable to bank	20.00
Current ratio	3.00
DSO	40.55 days
ROE	12.00%

North Star has no preferred stock—only common equity, current liabilities, and long-term debt.

Find North Star’s (4) total assets.

Do not round intermediate calculations; round final answers to two decimal places.

Find North Star’s (5) ROA.

Do not round intermediate calculations; round final answers to two decimal places.

Note: answer is a percentage, enter only the number

Find North Star’s (6) common equity.

Do not round intermediate calculations; round final answers to two decimal places.

Answer rating: 100% (QA)

To find North Stars total assets we can use the following equation Total assets Current assets Fixed ... View the full answer