For the year ended December 31, 2016, Settles, Inc., earned an ROI of 10.0%. Sales for the year were $11 million, and average asset turnover was 2.5. Average stockholders' equity was $2.7 million.
Required:
Calculate Settles, Inc.'s margin % and net income. (Round "Margin" answer to 1 decimal place.)
Calculate Settles, Inc.'s return on equity. (Round your answer to 1 decimal place.)
Firm D has net income of $30,900, sales of $990,000, and average total assets of $460,000. Calculate the firm's margin, turnover, and ROI. (Do not round intermediate calculations. Round your answers to 1 decimal place.)
Firm E has net income of $71,000, sales of $1,250,000, and ROI of 15%. Calculate the firm's turnover and average total assets. (Do not round intermediate calculations. Round "Turnover" answer to 1 decimal place.)
Firm F has ROI of 12.6%, average total assets of $1,685,100, and turnover of 1.5. Calculate the firm's sales, margin, and net income. (Do not round intermediate calculations. Round "Margin" answer to 1 decimal place.)