?? John wick Company has total assets of$162,000. It has a profit margin of 6.5percent on sales of $230,000. If theequity multiplier is 2.5, what is itsROE?

Net Income = Profit Margin * SalesNet Income = 0.065 * $230,000Net Income = $14,950 Equity…

Answered: John wick Company has total assets of…

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter16: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 29E

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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?