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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?

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)
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?
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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