Homework Help is Here – Start Your Trial Now!
Business
Accounting
If Alpha Technologies has an equity multiplier of 1.50, total asset turnover of 1.20, and a profit margin of 8%, what is its Return on Equity (ROE)? a. 14.40% b. 16.20% c. 12.60% d. 15.60% e. 13.80%

If Alpha Technologies has an equity multiplier of 1.50, total asset turnover of 1.20, and a profit margin of 8%, what is its Return on Equity (ROE)? a. 14.40% b. 16.20% c. 12.60% d. 15.60% e. 13.80%

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
See similar textbooks
icon
Related questions
Question

(ROE)?

If Alpha Technologies has an equity multiplier of 1.50, total asset turnover of 1.20, and a profit margin of 8%, what is its Return on Equity (ROE)? a. 14.40% b. 16.20% c. 12.60% d. 15.60% e. 13.80%
Transcribed Image Text:If Alpha Technologies has an equity multiplier of 1.50, total asset turnover of 1.20, and a profit margin of 8%, what is its Return on Equity (ROE)? a. 14.40% b. 16.20% c. 12.60% d. 15.60% e. 13.80%
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer