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) *

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) *

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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Question

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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