The Cullumber Timber Company has the following ratios: Net sales/Total assets = 2.70; ROA = 9.35%; ROE = 17.7%. What are Cullumber’s profit margin and debt ratios? (Round answers to 2 decimal places, e.g. 12.55 or 12.55%.) Profit margin enter Profit margin in percentages rounded to 2 decimal places % Debt ratio enter Debt ratio rounded to 2 decimal places
The Cullumber Timber Company has the following ratios: Net sales/Total assets = 2.70; ROA = 9.35%; ROE = 17.7%. What are Cullumber’s profit margin and debt ratios? (Round answers to 2 decimal places, e.g. 12.55 or 12.55%.) Profit margin enter Profit margin in percentages rounded to 2 decimal places % Debt ratio enter Debt ratio rounded to 2 decimal places
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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The Cullumber Timber Company has the following ratios: Net sales/Total assets = 2.70;
Profit margin
|
enter Profit margin in percentages rounded to 2 decimal places % | |
---|---|---|
Debt ratio
|
enter Debt ratio rounded to 2 decimal places |
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