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A company, TechPro Inc., has a net profit margin of 8% on sales of $75 million. The company's book value of equity is $60 million and total liabilities are $45 million. Calculate: a) Return on Equity (ROE) b) Return on Assets (ROA)

A company, TechPro Inc., has a net profit margin of 8% on sales of $75 million. The company's book value of equity is $60 million and total liabilities are $45 million. Calculate: a) Return on Equity (ROE) b) Return on Assets (ROA)

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 2P
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A company, TechPro Inc., has a net profit margin of 8% on sales of $75 million. The company's book value of equity is $60 million and total liabilities are $45 million. Calculate: a) Return on Equity (ROE) b) Return on Assets (ROA)
Transcribed Image Text:A company, TechPro Inc., has a net profit margin of 8% on sales of $75 million. The company's book value of equity is $60 million and total liabilities are $45 million. Calculate: a) Return on Equity (ROE) b) Return on Assets (ROA)
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