DTO, Inc., has sales of $27 million, total assets of $24.9 million, and total de

Question

DTO, Inc., has sales of $27 million, total assets of $24.9 million, and total debt of $5.7 milllon. Assume the profit margin is 9 percent. a. What Is the company's net Income? (Do not round Intermedlete calculations. Enter your answer In dollers not In millions, e.g., 1,234,567.) answer as a percent rounded to 2 decimal places, e.g., 32.16.) answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the company's ROA? (Do not round Intermedlate calculatlons. Enter your c. what is the company's ROE? (Do not round Intermediate calculations. Enter your a. Net income b. ROA C. ROE

Explanation / Answer

Dear Student Thank you for using Chegg Please find below the answer Statementshowing Computations Paticulars Amount Sales      27,000,000.00 Profit Margin in % 9% Net Income = 27M*9%        2,430,000.00 b) Total Assets      24,900,000.00 ROA = 2.43m/24.9m 9.76% c) Equity = 24.9m - 5.7m      19,200,000.00 ROE = 2.43m/19.2m 12.66%

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