Solve for 1 & 2 1) Time X Inc has the following results: Sales/Total...
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Solve for 1 & 2
1) Time X Inc has the following results: Sales/Total Assets 2.5X Return on Assets (ROA) 7.0% Return on Equity (ROE) 8.5% What is Time X's profit margin and debt ratio? A. 3.4%; 0.8235 B. 3.4%; 0.75 C. 2.8%; 0.8235 D. 2.80%; 0.1765 E. None of above
2) Time X return on equity (ROE) is 17%. If sales were $3.5 million, the debt ratio was 42%, and total liabilities were $1.8 million, what would be Time X return on assets (ROA)? A. 9.86% B. 10.80% C. 11.75% D. 12.60% E. Not Enough Information to compute the ROA
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