1. 1. Follies Bookstore, the only bookstore close to campus, had net income in 2005 of $90,000. Here are some of the financial ratios from the annual report. Profit Margin Return on Assets 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) Stockholders' equity f) Return on equity

1. 1. Follies Bookstore, the only bookstore close to campus, had net income in 2005 of $90,000. Here are some of the financial ratios from the annual report. Profit Margin Return on Assets 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) Stockholders' equity f) Return on equity

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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