1234 Input area:LOPatunia, Inc., has sales of $10.5 million, total assets of $8.2 million, and total debt of $3.8million. If the profit margin is 7 percent, what is net income? What is ROA? What is ROE?56 Sales7 Total assets8 Total debt91011 (Use cells A6 to B9 from the given information to complete this question.)12Profit margin13 Output area:1415 Net income16 Return on assets17 Total equity18192021$10,500,000$8,200,000$3,800,000Return on equity7%

Return on asset is a measure of profitability, it shows the profit generated by using the total…

Patunia, Inc., has sales of $10.5 million, total assets of $8.2 million, and total debt of $3.8 million. If the profit margin is 7 percent, what is net income? What is ROA? What is ROE? Input area: Sales Total assets Total debt Profit margin Output area: $10,500,000 $8,200,000 $3,800,000 (Use cells A6 to B9 from the given information to complete this question.) Net income Return on assets Total equity Return on equity 7%

Patunia, Inc., has sales of $10.5 million, total assets of $8.2 million, and total debt of $3.8 million. If the profit margin is 7 percent, what is net income? What is ROA? What is ROE? Input area: Sales Total assets Total debt Profit margin Output area: $10,500,000 $8,200,000 $3,800,000 (Use cells A6 to B9 from the given information to complete this question.) Net income Return on assets Total equity Return on equity 7%

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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