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Follies Bookstore, the Only Bookstore Close to Campus, Had Net \quad

Question 68

Essay

Follies Bookstore, the only bookstore close to campus, had net income in 2005 of $90,000. Here are some of the financial ratios from the annual report. Profit Margin \quad \quad \quad \quad \quad 12%12 \%
Return on Assets \quad \quad \quad \quad 20%20 \%
Debt to Asset Ratio \quad \quad \quad 55%55 \%
Using these ratios, calculate the following for Follies Bookstore:
a) Sales
b) Total assets
c) Total asset turnover
d) Total debt
e) Stockholders' equity
f) Return on equity

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