Coconut, Inc. has sales of $610,400, total equity of $170,000, a profit margin of 10 percent...

Coconut, Inc. has sales of $610,400, total equity of $170,000, a profit margin of 10 percent and a debt-equity ratio of 0.8. What is the return on assets?

23.70 percent

21.34 percent

19.95 percent

25.50 percent

4 points

QUESTION 22

Blueberry, Inc. has total assets of $642,000. There are 60,000 shares of stock outstanding with a market value of $42 a share. The firm has a profit margin of 7 percent and a total asset turnover of 1.36. What is the price-earnings ratio?

26.50

41.18

18.20

33.06

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Expert Solution

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jeff jeffy answered 2 weeks ago

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Subjects

		23.70 percent
		21.34 percent
		19.95 percent
		25.50 percent

		26.50
		41.18
		18.20
		33.06