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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
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.Â
Profit Margin 12%Â
Return on Assets 20%Â
Debt to Asset Ratio 55%Â
Using this information, calculate the following for Follies Bookstore:Â
a) SalesÂ
b) Total assetsÂ
c) Total asset turnoverÂ
d) Total debtÂ
e) Stockholders' equityÂ
f) Return on equity
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