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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?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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