A company's net profit margin is 6%, its total asset turnover is 1.8 times, and its debt ratio is 25%. What is the company's return on equity (ROE)? a. 10.80% b. 12.60% c. 14.40% d. 16.20% e. 18.00%
A company's net profit margin is 6%, its total asset turnover is 1.8 times, and its debt ratio is 25%. What is the company's return on equity (ROE)? a. 10.80% b. 12.60% c. 14.40% d. 16.20% e. 18.00%
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 6P
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