In: Finance
If Sales= $18M, TA=14.5M, TD=2.3M, Profit Margin=8%, then what is the Net income? ROA? ROE?
Dear Student | |
Thank you for referring Chegg | |
Please give thumbs up if you are satisfied | |
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% |