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Word Problem 16-15 The St. Joseph News-Press (MO) on November 10, 2006 reported net income to producers of ethanol soared. Sales of fuel-grade alcohol grew from $2.91 million to $3.66 million. Required: What was the percent increase in sales? (Round your answer to 2 decimal places. Omit the “%” sign in your response.)
Question 7: (1 point) Word Problem 16-16 In the February 12, 2007 issue of Forbes, it was reported that net income at Texex, a construction equipment company, shot up 93% to $356 million on sales of $5.4 billion. (Round yours answer to 2 decimal places. Omit the “$” & “%” signs in your response.)
Required: (a) What was the net income last year? Net income $ 184,455,958.55
(b) Net income is what percent of total sales?
Question 8: (1 point) Word Problem 16-17 Find the following ratios for Motorola Credit Corporation’s annual report: (a) total debt to total assets, (b) return on equity, (c) asset turnover (to nearest cent), and (d) profit margin on net sales. (Round your answers to 2 decimal places. Omit the “$” & “%” signs in your response.) (dollars in millions)
Net revenue (sales) $267 Net earnings 150 Total assets 2,018 Total liabilities 1,781 Total stockholders’ equity 425