New Age IT Solutions had net profit margin of 0.35 on sales of $5 000 000 during 2020. In addition, the firm’s total assets were $4 500 000, and its debt ratio is 0.45. Required:
a. What was New Age IT Solutions’ return on equity (ROE) in 2020?

b. What was return on assets (ROA) of the company in 2020?
c. Calculate earnings per share (EPS) and price earnings ratio (PE) of the company if it has total shares outstanding of 50,000 with a market price of $85 per share?

Click on Buy Solution and make payment. All prices shown above are in USD. Payment supported in all currencies. Price shown above includes the solution of all questions mentioned on this page. Please note that our prices are fixed (do not bargain).

After making payment, solution is available instantly.Solution is available either in Word or Excel format unless otherwise specified.

If your question is slightly different from the above question, please contact us at with your version of question.