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Follies Bookstore, the only bookstore close to campus, had net income in 2005 of $90,000. Here are some of the financial ratios from the annual...
. Follies Bookstore, the only bookstore close to campus, had net income in 2005 of $90,000. Here are some of the financial ratios from the annual report. Using these ratios, calculate the following for Follies Bookstore:a) Salesb) Total assetsc) Total asset turnoverd) Total debte) Stockholders' equityf) Return on equity