Need Solution Beckinsale, Inc., has a profit margin of 6.9percent on sales of $24,200,000. Assumethe firm has a debt of $9,500,000 and totalassets of $16,100,000.What is the firm's ROA?

To calculate the firm's Return on Assets (ROA), we need to use the following formula:Given:Profit…

Answered: Beckinsale, Inc., has a profit margin…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

SOLVE
DTO, Inc., has sales of $32 million, total assets of $25 million, and total debt of $7 million. a. If the profit margin is 6 percent, what is the net income? b. What is the ROA? c. What is the ROE?
Need Help with this Question
Wims Inc., has sales of $18.3 million total assts of $13.3 million and total debt of $4.1 million. The profit margin is 11 percent. a. What is the company's net income? b. What is the company's ROA? c. What is the company's ROE?
Toyto Corp. has net working capital of $1,370, current liabilities of $3,720 and inventory of $1,950. What is the current ratio? What is the quick ratio? Doria Inc. has sales of $29 million, total assets of $17.5 million and total debt of $6.3 million. If the profit margin is 8 percent, what it the net income? What is the ROA? What is the ROE? Orion Inc. has a total debt ratio of 0.63. What is the debt-equity ratio? What is the equity multiplier?
A firm has a ROE of 16.875%, asset turnover of 2.5, and an equity multiplier of 1.5. If the firm has sales revenue of $10,000, what is the net income?
Please provide solution
Buttack Eyes, Inc., has sales of $19 million, total assets of $15.6 million, and total debt of $6.3 million. If the profit margin is 8 percent, what is net income? What is ROA?
Assume that a firm has sales of $11,700,000, total assets of $4,500,000 total common equity of $2,000,000 and an ROE of 37.4985 percent. Using DuPont equation, determine the profit margin for this firm.
What is the company's ROA? Denver, Incorporated, has sales of $27 million, total assets of $24.9 million, and total debt of $5.7 million. Assume the profit margin is 9 percent.
Using the DuPont method, evaluate the effects of the following relationships for the Butters Corporation. A.Butters Corporation has a profit margin of 5.5 percent and its return on assets (investment) is 8.75 percent. What is its assets turnover? Round your answer to 2 decimal places. ______ times B.If the Butters Corporation has a debt-to-total-assets ratio of 65.00 percent, what would the firm’s return on equity be? Note: Input your answer as a percent rounded to 2 decimal places. C.What would happen to return on equity if the debt-to-total-assets ratio decreased to 60.00 percent? Input your answer as a percent rounded to 2 decimal places.
Triangular Chemicals has total assets of $ 97 million, a return on equity of 3 5 percent, a net profit margin of 4.6 percent, and an equity multiplier of 2. 56. How much are the firm's sales? Round to one decimial place.

SEE MORE QUESTIONS

Recommended textbooks for you

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…

Accounting

ISBN:

9780134475585

Author:

Srikant M. Datar, Madhav V. Rajan

Publisher:

PEARSON

Intermediate Accounting

Accounting

ISBN:

9781259722660

Author:

J. David Spiceland, Mark W. Nelson, Wayne M Thomas

Publisher:

McGraw-Hill Education

Financial and Managerial Accounting

Accounting

ISBN:

9781259726705

Author:

John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS

Beckinsale, Inc., has a profit margin of 6.9 percent on sales of $24,200,000. Assume the firm has a debt of $9,500,000 and total assets of $16,100,000. What is the firm's ROA?