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What is the return on assets and net income

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Reference no: EM131819150

A fire has destroyed a large percentage of the financial records of the Excandesco Company. You have the task of piecing together information in order to release a financial report. You have found the return on equity to be 16.7 percent. Sales were $1,795,000, the total debt ratio was .33, and total debt was $660,000.

What are the total assets? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

Total assets            $

What is the total equity? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

Total equity            $

What is the net income? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

Net income            $

What is the return on assets (ROA)? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Return on assets             %

Reference no: EM131819150

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