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What should be the percent increase in sales

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Question: 1) Hilarious Profits, Inc. (HPI) earned a profit of 20% on sales of $30,000,000. Its balance sheet shows total assets of $10,000,000. If HPI wants to achieve a Total Asset Turnover of 4.5, what should be the percent increase in sales from the current level assuming no change in assets? (Answers are rounded)

2) Bank A pays 18.4% interest compounded semi-annually (i.e. every six months), while Bank B pays 17.9% interest compounded daily. Which of the following represent the actual annual returns earned in Bank A and Bank B?

3) Lowell Riverhawk Corporation has a total debt to assets ratio of 70.0 percent. Its net income last year was $25,000. If the total debt was $200,000, what was the return on equity (ROE)?

Reference no: EM132758909

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