Posted: September 13th, 2017

Business finance

Business finance

Follies Bookstore, the only bookstore close to campus, had a net income of $90,000 in 2009. Here are some of the financial ratios from the annual report:

Profit Margin  12%
Return on Assets 20%
Debt to Asset Ratio 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

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