Problem 3-2 Calculating Profitability Ratios [LO 2] Here and Gone, Inc., has sales of $19.5 million, total assets of $14.5 million,…
Problem 3-2 Calculating Profitability Ratios [LO 2]
|
Here and Gone, Inc., has sales of $19.5 million, total assets of $14.5 million, and total debt of $5.3 million. Assume the profit margin is 8 percent. |
| Requirement 1: |
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What is net income? (Do not include the dollar sign ($). Enter your answer in dollars, not millions of dollars (e.g., 1,234,567).) |
| Net income | $ [removed] |
| Requirement 2: |
|
What is ROA? (Do not include the percent sign (%). Round your answer to 2 decimal places (e.g., 32.16).) |
| ROA | [removed] % |
| Requirement 3: |
|
What is ROE? (Do not include the percent sign (%). Round your answer to 2 decimal places (e.g., 32.16).) |
| ROE | [removed] % |
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