John wick Company has total assets of $162,000. It has a profit margin of 6.5 percent on sales of $230,000. If the equity. multiplier is 2.5, what is its ROE?
John wick Company has total assets of $162,000. It has a profit margin of 6.5 percent on sales of $230,000. If the equity. multiplier is 2.5, what is its ROE?
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
Related questions
Question
100%
What is its ROE
![John wick Company has total assets of
$162,000. It has a profit margin of 6.5
percent on sales of $230,000. If the equity.
multiplier is 2.5, what is its ROE?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffc8ede28-caaa-4cda-b4e6-eda8fe6ba19b%2Fdcc74e63-5686-4c27-845b-dde806810d4e%2Fmuazo1m_processed.jpeg&w=3840&q=75)
Transcribed Image Text:John wick Company has total assets of
$162,000. It has a profit margin of 6.5
percent on sales of $230,000. If the equity.
multiplier is 2.5, what is its ROE?
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![Intermediate Financial Management (MindTap Course…](https://www.bartleby.com/isbn_cover_images/9781337395083/9781337395083_smallCoverImage.gif)
Intermediate Financial Management (MindTap Course…
Finance
ISBN:
9781337395083
Author:
Eugene F. Brigham, Phillip R. Daves
Publisher:
Cengage Learning
![Intermediate Financial Management (MindTap Course…](https://www.bartleby.com/isbn_cover_images/9781337395083/9781337395083_smallCoverImage.gif)
Intermediate Financial Management (MindTap Course…
Finance
ISBN:
9781337395083
Author:
Eugene F. Brigham, Phillip R. Daves
Publisher:
Cengage Learning