10 National Co. has an ROE of 15 percent, a debt ratio of 40 percent, and a profit margin of 6percent. The company's total assets equal P800 million. What are the company's sales?(Assume that the company has no preferred stock.)(Hint: ROA & ROE are based on the endingbalances) *Sample format: 1,111,111,111

The ratio analysis helps to analyse the financial statements of the business.

Answered: National Co. has an ROE of 15 percent,…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 13P

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National Co. has an ROE of 15 percent, a debt ratio of 40 percent, and a profit margin of 6 percent. The company's total assets equal P800 million. What are the company's sales? (Assume that the company has no preferred stock.)(Hint: ROA & ROE are based on the ending balances) *