In: Finance
If Sales= $18M, TA=14.5M, TD=2.3M, Profit Margin=8%, then what is the Net income? ROA? ROE?
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| Statement showing Computations | |
| Particulars | Amount | 
| Sales | 18,000,000.00 | 
| profit margin | 8% | 
| Net income = 18M*8% | 1,440,000.00 | 
| ROA = 1.44M/14.5M | 9.93% | 
| ROE= 1.44M(14.5M-2.3M) | 11.71% |