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National Co. has an ROE of 15 percent, a debt ratio of 40 percent, and a profit margin of 6 percent. The company's total assets equal P800 million. What are the company's sales? (Assume that the company has no preferred stock.)(Hint: ROA & ROE are based on the ending balances) *

National Co. has an ROE of 15 percent, a debt ratio of 40 percent, and a profit margin of 6 percent. The company's total assets equal P800 million. What are the company's sales? (Assume that the company has no preferred stock.)(Hint: ROA & ROE are based on the ending balances) *

FINANCIAL ACCOUNTING
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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National Co. has an ROE of 15 percent, a debt ratio of 40 percent, and a profit margin of 6 percent. The company's total assets equal P800 million. What are the company's sales? (Assume that the company has no preferred stock.)(Hint: ROA & ROE are based on the ending balances) * Sample format: 1,111,111,111
Transcribed Image Text:National Co. has an ROE of 15 percent, a debt ratio of 40 percent, and a profit margin of 6 percent. The company's total assets equal P800 million. What are the company's sales? (Assume that the company has no preferred stock.)(Hint: ROA & ROE are based on the ending balances) * Sample format: 1,111,111,111
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