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7.7 Highgate Computer Company produces $2 million in profits from $28 million in sales. It has total 1 answer below » 7.7 Highgate Computer Company produces $2 million in profits from $28 million in sales. It has total assets of $15 million. a. Calculate Highgate’s total asset turnover and its net profit margin. b. Find the company’s ROA, ROE, and book value per share, given that it has a total net worth of $6 million and 500,000 shares of common stock outstanding. 7.7 Highgate Computer Company produces $2 million in profits from $28 million in sales. It has total assets of $15 million. a. Calculate Highgate’s total asset turnover and its net profit margin. b. Find the company’s ROA, ROE, and book value View complete question » 7.7 Highgate Computer Company produces $2 million in profits from $28 million in sales. It has total assets of $15 million. a. Calculate Highgate’s total asset turnover and its net profit margin. b. Find the company’s ROA, ROE, and book value per share, given that it has a total net worth of $6 million and 500,000 shares of common stock outstanding. 7.7 Highgate Computer Company produces $2 million in profits from $28 million in sales. It has total assets of $15 million. a. Calculate Highgate’s total asset turnover and its net profit margin. b. Find the company’s ROA, ROE, and book value per share, given that it has a total net worth of $6 million and 500,000 shares of common stock outstanding. CHOOSE THE FOLLOWING CORRECT ANSWER. Answer A. For Highgate Computer: (a) Total asset turnover = 4.87 Net profit margin = 17.14% (b) ROA = 33.3% Return on Equity (ROE) = 33.33% Book value per share = 15 Answer B. For Highgate Computer: (a) Total asset turnover = 2.87 Net profit margin = 3.14% (b) ROA = 3.3% Return on Equity (ROE) = 33.33% Book value per share = 32 Answer C. For Highgate Computer: (a) Total asset turnover = 1.87 Net profit margin = 7.14% (b) ROA = 13.3% Return on Equity (ROE) = 33.33% Book value per share = 12 Answer D. For Highgate Computer: (a) Total asset turnover = 2.87 Net profit margin = 27.14% (b) ROA = 23.3% Return on Equity (ROE) = 23.33% Book value per share = 10 Document Preview: 7.7 Highgate Computer Company produces $2 million in profits from $28 million in sales. It has total assets of $15 million.
Calculate Highgate’s total asset turnover and its net profit margin.
Find the company’s ROA, ROE, and book value per share, given that it has a total net worth of $6 million and 500,000 shares of common stock outstanding.
CHOOSE THE FOLLOWING CORRECT ANSWER.
Answer A.
For Highgate Computer:
(a) Total asset turnover = 4.87
Net profit margin = 17.14%
(b) ROA= 33.3%
Return on Equity (ROE) = 33.33%
Book value per share = 15
Answer B.
For Highgate Computer:
(a) Total asset turnover = 2.87
Net profit margin = 3.14%
(b) ROA= 3.3%
Return on Equity (ROE) = 33.33%
Book value per share = 32
Answer C.
For Highgate Computer:
(a) Total asset turnover = 1.87
Net profit margin = 7.14%
(b) ROA= 13.3%
Return on Equity (ROE) = 33.33%
Book value per share = 12
Answer D.
For Highgate Computer:
(a) Total asset turnover = 2.87
Net profit margin = 27.14%
(b) ROA= 23.3%
Return on Equity (ROE) = 23.33%
Book value per share = 10 Attachments: Q.-Attachment….docx View less » Sep 17 2015 11:39 AM
