In 2019, Pazzini Company had an ROE of 16.88%, a total assets turnover of 1.5, and an equity multiplier of 1.8. What was the firm's profit margin in 2019?
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- Need helpFor the year ended December 31, 2019, Settles Inc. earned an ROI of 9.9%. Sales for the year were $17 million, and the average asset turnover was 3.3. Average stockholders' equity was $2.3 million. Required: a. Calculate Settles Inc.'s margin and net income. b. Calculate Settles Inc.'s return on equity.New Age IT Solutions had net profit margin of 0.35 on sales of $5 000 000 during 2020. In addition, the firm’s total assets were $4 500 000, and its debt ratio is 0.45. Required: What was New Age IT Solutions’ return on equity (ROE) in 2020? What was return on assets (ROA) of the company in 2020? Calculate earnings per share (EPS) and price-earnings ratio (PE) of the company if it has total shares outstanding of 50,000 with a market price of $85 per share?
- Calculate both part of Questionfor the year ending december 31 2019, settles inc. eanred an ROI of 8.8%. Sales for the year were 16 million and average asset turnover was 2.1. Average stockholder equity was 2.7 million. a. calculate settles margin and net inccome b. calculate settles return on equitySuppose a firm has had the following historic sales figures. Year: Sales 2016 $1,900,000 2017 $2,150,000 2018 $1,800,000 2019 $2,400,000 2020 $2,000,000 What would be the forecast for next year's sales using the average approach? Next year's sales
- Hello, just need help on net income and return on equityFor the year ended December 31, 2022, Settles Incorporated earned an ROI of 7.2%. Sales for the year were $11 million, and average asset turnover was 1.8. Average stockholders' equity was $3.1 million. Required: a. Calculate Settles Incorporated's margin and net income. Note: Round "Margin" answer to 1 decimal place. Enter the net income answer in dollars, i.e., $5 million should be entered as 5,000,000. b. Calculate Settles Incorporated's return on equity. Note: Round your answer to 1 decimal place. a. Margin a. Net income b. Return on equity %For XYZ Corporation, the book value per share at the end of 2021 Is 31.46, ROI is .1, and earnings per share for 2022 (at the end of the year) are 4.57. What is the value of residual earnings per share for 2022? O2.38 1.42 O 3.57 O 1.13
- Sales for Company Y are $100,000 in 2019 and the net profit margin is 9.0%. The Return on Equity is 20%. What is the dollar value of Equity. $ 18,000 $ 45,000 $ 90,000 $ 444,444In 2020, Concord Corporation reported net income of $5.8 billion, net sales of $160 billion, and average total assets of $60 billion. What is Concord Corporation's return on assets? 16.9% 9.7% 20.6% 10.3%For fiscal year 2021, Costco Wholesale Corporation ( COST) had a net profit margin of 2.60%, asset turnover of 3.24, and a book equity multiplier of 3.28. a. Use this data to compute Costco's ROE using the DuPont Identity. b. If Costco's managers wanted to increase its ROE by 1.10 percentage points, how much higher would their new asset turnover need to be? c. If Costco's net profit margin fell by 1.10 percentage points, by how much would their asset turnover need to increase to maintain their ROE? a. Use this data to compute Costco's ROE using the DuPont Identity. Costco's ROE is %. (Round to two decimal places.) If Costco's net profit margin fell by 1.05 percentage points, by how much would their asset turnover need to increase to maintain their ROE?