Motorola Credit Corporation's annual report: (dollars in millions) $ 307 Net revenue (sales) Net earnings Total assets Total liabilities Total stockholders' equity 168 2,225 1,915 310 a. Find the total debt to total assets ratio. (Round your answer to the nearest hundredth percent.) Total debt to total assets

Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
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Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
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Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 30BEB: Klynveld Companys balance sheet shows total liabilities of 94,000,000, total stockholders equity of...
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b. Find the return on equity ratio. (Round your answer to the nearest hundredth percent.)
%
Return on equity
c. Find the asset turnover ratio. (Round your answer to the nearest cent.)
Asset turnover
d. Find the profit margin ratio on net sales. (Round your answer to the nearest hundredth percent.)
Profit margin
96
Transcribed Image Text:b. Find the return on equity ratio. (Round your answer to the nearest hundredth percent.) % Return on equity c. Find the asset turnover ratio. (Round your answer to the nearest cent.) Asset turnover d. Find the profit margin ratio on net sales. (Round your answer to the nearest hundredth percent.) Profit margin 96
Motorola Credit Corporation's annual report:
(dollars in
millions)
%24
Net revenue (sales)
Net earnings
307
168
Total assets
Total liabilities
Total stockholders' equity
2, 225
1,915
310
a. Find the total debt to total assets ratio. (Round your answer to the nearest hundredth percent.)
Total debt to total assets
b. Find the return on equity ratio. (Round your answer to the nearest hundredth percent.)
Return on equity
c. Find the asset turnover ratio. (Round your answer to the nearest cent.)
acer
Transcribed Image Text:Motorola Credit Corporation's annual report: (dollars in millions) %24 Net revenue (sales) Net earnings 307 168 Total assets Total liabilities Total stockholders' equity 2, 225 1,915 310 a. Find the total debt to total assets ratio. (Round your answer to the nearest hundredth percent.) Total debt to total assets b. Find the return on equity ratio. (Round your answer to the nearest hundredth percent.) Return on equity c. Find the asset turnover ratio. (Round your answer to the nearest cent.) acer
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