Doublewide Dealers has a ROA of 10%, a 2% profit margin, and a ROE of 15%. a) What is its total assets turnover? b) What is its equity multiplier?
Doublewide Dealers has a ROA of 10%, a 2% profit margin, and a ROE of 15%. a) What is its total assets turnover? b) What is its equity multiplier?
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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What is its equity multiplier? General accounting
![Doublewide Dealers has a ROA of
10%, a 2% profit margin, and a ROE
of 15%.
a) What is its total assets turnover?
b) What is its equity multiplier?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff845814c-29ee-4563-82b9-f95d591f9f0a%2F496351bb-aa47-4f09-9f04-0582b5a759f8%2Fdprqjm_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Doublewide Dealers has a ROA of
10%, a 2% profit margin, and a ROE
of 15%.
a) What is its total assets turnover?
b) What is its equity multiplier?
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