Lakeside Enterprises has a ROA of 8%, a 4% profit margin, and a ROE of 12%. a) What is its total assets turnover? b) What is its equity multiplier?
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- XTY Company has total assets turnover ratio of 1.90 and a return on total assets of 7.20%. What is the firm’s net profit margin?Please provide answer the accounting questionManufacturer A has a profit margin of 2.0%, an asset turnover of 1.7, and an equity multiplier of 4.9. Manufacturer B has a profit margin of 2.3%, an asset turnover of 1.1, and an equity multiplier of 4.7. How much asset turnover should manufacturer B have to match manufacturer A's ROE?