question archive Finance Question: Follies Bookstore, the only bookstore close to campus, had net income in 2001 of $90,000
Finance Question: Follies Bookstore, the only bookstore close to campus, had net income in 2001 of $90,000
Subject:AccountingPrice: Bought3
Finance Question: Follies Bookstore, the only bookstore close to campus, had net income in 2001 of $90,000. Here are some of the financial ratios from the annual report.
Profit Margin 12%
Return on Assets 20%
Debt to Asset Ratio 55%
Using this information, 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
