ABC Company sells all its merchandise on credit. Given the following information, what is the company's ROE? Use 365 days for a year. Profit margin 5.8% Averaged collection period 53 days Accounts receivables 250,000 Total assets $3,000,000 Total debt to total assets ratio 0.72 Round your final answer to two decimal places of percentage. (Hint: Use the DuPont system.) Group of answer choices: 11.91% 11.89% 11.97% 11.95% 11.93%
ABC Company sells all its merchandise on credit. Given the following information, what is the company's ROE? Use 365 days for a year. Profit margin 5.8% Averaged collection period 53 days Accounts receivables 250,000 Total assets $3,000,000 Total debt to total assets ratio 0.72 Round your final answer to two decimal places of percentage. (Hint: Use the DuPont system.) Group of answer choices: 11.91% 11.89% 11.97% 11.95% 11.93%
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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ABC Company sells all its merchandise on credit. Given the following information, what is the company's ROE? Use 365 days for a year.
Profit margin 5.8%
Averaged collection period 53 days
Accounts receivables 250,000
Total assets $3,000,000
Total debt to total assets ratio 0.72
Round your final answer to two decimal places of percentage. (Hint: Use the DuPont system.)
Group of answer choices:
11.91%
11.89%
11.97%
11.95%
11.93%
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