Wims, Inc., has sales of $18.1 million, total assets of $13.1 million and total debt of $3.9 million. The profit margin is 9 percent. a. What is the company's net income? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.) b. What is the company's ROA? (Do not round intermediate calculations and enter your answer as a percent rounded 2 decimal places, e.g., 32.16.) What is the company's ROE? (Do not round intermediate calculations and enter your c. answer as a percent rounded 2 decimal places, e.g.., 32.16.)
Wims, Inc., has sales of $18.1 million, total assets of $13.1 million and total debt of $3.9 million. The profit margin is 9 percent. a. What is the company's net income? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.) b. What is the company's ROA? (Do not round intermediate calculations and enter your answer as a percent rounded 2 decimal places, e.g., 32.16.) What is the company's ROE? (Do not round intermediate calculations and enter your c. answer as a percent rounded 2 decimal places, e.g.., 32.16.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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2. Answer questions A B and C
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Wims, Inc., has sales of $18.1 million, total assets of $13.1 million and total debt of $3.9
million. The profit margin is 9 percent.
a. What is the company's net income? (Do not round intermediate calculations and
enter your answer in dollars, not millions of dollars, rounded to the nearest whole
number, e.g., 1,234,567.)
b. What is the company's ROA? (Do not round intermediate calculations and enter your
answer as a percent rounded 2 decimal places, e.g., 32.16.)
What is the company's ROE? (Do not round intermediate calculations and enter your
C.
answer as a percent rounded 2 decimal places, e.g., 32.16.)
a.
Net income
b.
ROA
C.
ROE
%
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