Problem:
For the year ended June 30, 2011, Northern Clothing Company has total assets of $61,668,187, ROA of 11.72 percent, ROE of 20.28 percent, and a profit margin of 15.57 percent.
Required:
Question 1: What are the company's net income and net sales?
Question 2: Calculate the firm's debt-to-equity ratio.
Note: Explain all steps comprehensively.