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Follies Bookstore, the only bookstore close to campus, had net income in 1996 of $90,000. Here are some of the financial ratios from the annual report.
Profit Margin12%
Return on Investment20%
Debt
Using these ratios, calculate the following for Follies Bookstore:
a) Sales
b) Total assets
c) Total asset turnover
d) Total debt
e) Stockholders' equity
f) Return on equity
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