Wims, Inc., has sales of $18.1 million, total assets of $13.1 million and total debt of $3.9 million. The profit margin is 9 percent. a. What is the company's net income? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.) b. What is the company's ROA? (Do not round intermediate calculations and enter your answer as a percent rounded 2 decimal places, e.g., 32.16.) What is the company's ROE? (Do not round intermediate calculations and enter your c. answer as a percent rounded 2 decimal places, e.g.., 32.16.)
Wims, Inc., has sales of $18.1 million, total assets of $13.1 million and total debt of $3.9 million. The profit margin is 9 percent. a. What is the company's net income? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.) b. What is the company's ROA? (Do not round intermediate calculations and enter your answer as a percent rounded 2 decimal places, e.g., 32.16.) What is the company's ROE? (Do not round intermediate calculations and enter your c. answer as a percent rounded 2 decimal places, e.g.., 32.16.)
Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter3: The Adjusting Process
Section: Chapter Questions
Problem 3.1ADM
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