National Co. has an ROE of 15 percent, a debt ratio of 40 percent, and a profit margin of 6 percent. The company's total assets equal P800 million. What are the company's sales? (Assume that the company has no preferred stock.)(Hint: ROA & ROE are based on the ending balances) *

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...
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National Co. has an ROE of 15 percent, a debt ratio of 40 percent, and a profit margin of 6
percent. The company's total assets equal P800 million. What are the company's sales?
(Assume that the company has no preferred stock.)(Hint: ROA & ROE are based on the ending
balances) *
Sample format: 1,111,111,111
Transcribed Image Text:National Co. has an ROE of 15 percent, a debt ratio of 40 percent, and a profit margin of 6 percent. The company's total assets equal P800 million. What are the company's sales? (Assume that the company has no preferred stock.)(Hint: ROA & ROE are based on the ending balances) * Sample format: 1,111,111,111
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