Caseys Corp, known for pizza, had net income in 2011 of $140,000. Here are some
ID: 2698026 • Letter: C
Question
Caseys Corp, known for pizza, had net income in 2011 of $140,000. Here are some of the financial ratios from the annual report.
Profit Margin 12%
Return on Assets 20%
Debt to Asset Ratio 55%
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Using these ratios, calculate the following for Caseys Corp:
a) Sales
b) Total assets
c) Total asset turnover
d) Total debt
e) Stockholders' equity
f) Return on equity
Explanation / Answer
www.scribd.com/doc/50641250/Financial-Accounting-Ch01