Easter egg and poultry company has $1,710,000 in assets and $698,000 of debt. it reports net income of $196,000. a. what is the firm’s return on assets? (enter your answer as a percent rounded to 2 decimal places.) b. what is its return on stockholders’ equity? (enter your answer as a percent rounded to 2 decimal places.) c. if the firm has an asset turnover ratio of 3.5 times, what is the profit margin (return on sales)? (enter your answer as a percent rounded to 2 decimal places.)

a) Firm’s return on assets = 11.46 %

b) Return on stockholders’ equity = 19.37%

c) Profit margin = 3.27%

Explanation:

a) Return on assets =

=

b) Return on stockholder's equity =

Equity =Total assets - Debt = $1,710,000 - $698,000 = $1,012,000

Return on equity =

c) Asset Turnover ratio = = 3.5

then Net sales = 3.5 X Total Assets = = 3.5 X $1,710,000 = $5,985,000

Profit margin =

a) Firm’s return on assets = 11.46 %

b) Return on stockholders’ equity = 19.37%

c) Profit margin = 3.27%

answer: b) the us is the leading importer but not the leading exporter.

extra info:

the u.s is the largest importer but it is not the largest exporter as china sits on the top of the table when it comes to leading exporters.

but u.s is not far from first,

they rank in 2nd globally as the worlds largest exporter.

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