Financial Accounting: Vintage, Inc. has a total asset turnover of 4.55 and a net profit margin of 7.23 percent. The equity multiplier for the firm is 4.7. Calculate Vintage's return on equity (ROE) using the DuPont equation.

Financial Accounting: Vintage, Inc. has a total asset turnover of 4.55 and a net profit margin of 7.23 percent. The equity multiplier for the firm is 4.7. Calculate Vintage's return on equity (ROE) using the DuPont equation.

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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Accurate answer

Financial Accounting: Vintage, Inc. has a total asset
turnover of 4.55 and a net profit margin of 7.23 percent.
The equity multiplier for the firm is 4.7. Calculate
Vintage's return on equity (ROE) using the DuPont
equation.

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