Chapter 3 HW Help Sa 9 n 2018, Jake\'s Jamming Musilc Inc announced an ROA of 8.

Question

Chapter 3 HW Help Sa 9 n 2018, Jake's Jamming Musilc Inc announced an ROA of 8.50 percent ROE of 13.90 percent, and prolt margin of 10.9 percent The 16 the 2018 value of net income available to common stockholders for Jake's Jemming Music, Inc. (Enter your answer In dollars. Round your answer to the nearest whole dollar.) Calculate the 2018 value of common stockholders and round to the nearest whole dollat) common stockholders equity for Jake's Jamming Music, Inc. (Enter your answer in dollars not in millions Calculane the 2018 value of net seles for Jake's Jamming Music, Inc. (Enter your answer in dollars not in millons and round to the nearest whole dollar) MacBook Air

Explanation / Answer

net income = 8.5% of 8,900,000 = 756,500.00

common share holders equity = 756,500.00/0.1390 = 5,442,446.04

sales = 756,500.00/0.109 = 7,022,935.78

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