Doublewide Dealers has an ROA of 9%, a 6.5% profit margin, and an ROE of 22%. a) What is its total assets turnover? b) What is its equity multiplier?
Doublewide Dealers has an ROA of 9%, a 6.5% profit margin, and an ROE of 22%. 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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![Doublewide Dealers has an ROA of
9%, a 6.5% profit margin, and an
ROE of 22%.
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%2F5626e857-ef90-4362-9d3b-907d331a0ef1%2F46abd8c9-8ab0-4990-b058-0a0c66d19c2c%2Fkul3ir_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Doublewide Dealers has an ROA of
9%, a 6.5% profit margin, and an
ROE of 22%.
a) What is its total assets turnover?
b) What is its equity multiplier?
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