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Determine the firm total annual sales

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Reference no: EM132052590

The Robinson hotel has the following ratios:

Return on Equity: 10 percent

Total asset turnover: 1.5 times

Return on sales: 5 percent

The total assets of the robinson hotel equal $5,000,000. Assume the balance sheet numbers at the beginning and end of the year are the sale.

  1. Determine the firm's total annual sales
  2. Determine the firm's net income
  3. Determine the amount of the firm's total debt

Reference no: EM132052590

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