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problem1: During the latest year James Corp. had sales of $300,000 & a net income of $20,000, & its year-end asserts were dollar 200,000. The firm’s total debt to total assets ratio was 40 percent. Based on the Du Pont equation, find the firm’s ROE?

[A] 16.00%

[B] 16.33%

[C] 16.67%

[D] 15.33%

[E] 15.67%

problem2: Jannet Corp’s sales last year were $ 400,000, & its year-end total assets were $300,000. The average company in the industry has a total assets turnover ratio [TATO] of 2.5. The new CFO believes the company has excess assets that can be sold so as to bring the TATO down to the industry average without affecting sales. By how much must the assets be decreased to bring the TATO to the industry average?

[A] $120,000

[B] $130,000

[C] $140,000

[D] $100,000

[E] $110,000

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