Homework Answers
Answer:
1)
Net income= margin * revenue=25%*10.6 million=$2.65 millions
2) ROE=27%
ROE= net income/Equity
Equity = Net Income / ROE=2.65 millions/ 27%=$9.8148 millions
3)
Debt-Equity Ratio=70%
Debt-equity ratio=Debt/equity
Debt=Equity* debt equity ratio=70%*9.8148=$6.87 millions
4)
Total Asset= Equity + Debt=9.8148+6.87=$16.6848 millions
5)
Current Liability = 45%*total liability=45%*6.87=$3.0915 millions
Long term liability = (1-45%)*total liability =55%*6.87=$3.7785 millions
6)
Current asset = Current Liability + Working Capital= 3.0915+3.85=$6.9415 millions
7)
Fixed asset= Total asset - Current Asset=16.6848-6.9415=$9.7433 millions
8)
Total value of common stock= share price * shares outstanding =1.35*2.14 =$2.889 millions
Total Retained earnings=Total Equity - Total value of common stock=9.8148-2.889=$6.9258 millions
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