Reference no: EM131142147

Follies Bookstore, the only bookstore close to campus, had net income in 2005 of $90,000.

Here are some of the financial ratios from the annual report.

Profit Margin ...........................12%

Return on Assets .....................20%

Debt to Asset Ratio .................55%

Using these ratios, calculate the following for Follies Bookstore:

a) Sales

b) Total assets

c) Total asset turnover

d) Total debt

e) Stockholders' equity

f) Return on equity