Question

Question 13

For the year ended June 30, 2017, Cullumber Clothing Company has total assets of $92,000,000, ROA of 9.00 percent, ROE of 15.00 percent, and a net profit margin of 8.00 percent. What are the company's net income and net sales? Calculate the firm’s debt-to-equity ratio. (Round net income and net sales to the nearest whole dollar, e.g. 25 and round debt to equity ratio to 1 decimal place, e.g. 15.2%.)

Excel Template
(Note: This template includes the problem statement as it appears in your textbook. The problem assigned to you here may have different values. When using this template, copy the problem statement from this screen for easy reference to the values you’ve been given here, and be sure to update any values that may have been pre-entered in the template based on the textbook version of the problem.)

The company’s net income is $ , net sales are $ , and the firm’s debt-to-equity ratio is %.

Answer 1