Problemhere and gone inc has sales of 199 million total, Ask an Expert

Accounting

Problem:

Here and Gone, Inc., has sales of $19.9 million, total assets of $14.9 million, and total debt of $5.7 million. Assume the profit margin is 12 percent.

Required:

Question 1: What is net income?

Question 2: What is ROA?

Question 3: What is ROE?

Note: Please explain comprehensively and give step by step solution.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91171620

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