Meridian Corp. has total assets of $7,500,000 and a total asset turnover of 1.80 times. Assume the return on assets is 9.6%. What is the profit margin? a. 5.33% b. 17.28% c. 4.89% d. 6.25%
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- Financial AccountIf Epic, Inc. has an ROE of 25%, an equity multiplier of 4, and a profit margin of 12%, what is the total asset turnover ratio? a. 0.0833 b. 0.192 c. 0.5208 d. 0.75Grove Corp. has revenues of $1,531,000 resulting in an operating income of $183,000. Average invested assets total $801,000. If sales increase by 10% and the investment level remains constant, what is the investment turnover?A.) 2.10B.) 12.65%C.) 1.91D.) 11.95%
- Use this information for Mason Corporation to answer the question that follow. Mason Corporation had $1,058,000 in invested assets, sales of $1,229,000, income from operations amounting to $202,000, and a desired minimum return of 12%. Round the percentage to one decimal place. The profit margin for Mason Corporation is Oa. 19.1% Ob. 16.4% Oc. 86.1% IC. Od. 12.0%Complete bothXYZ Corp. has an operating profit margin of 7%, a debt burden of 0.8, and has financed two-thirds of its assets through equity. What asset turnover ratio is necessary to achieve an ROE of 18%? A. 1.26 B. 1.61 C. 2.14 D. 4.02 provide step by step calculation with step title
- Assume that the Profit Margin for Teebow, Inc., is 4.92%. The company's Total Asset Turnover is 1.8 times. Given that the equity multiplier for the company is 1.67 times, what are its ROA and ROE? It cannot be determined from the information given ROA=8.85% ; ROE = 14.79% ROA=10% ; ROE=15% ROA=13.04% ; ROE=18.85%Your company has net sales revenue of $43 million during the year. At the beginning of the year, fixed assets are $15 million. At the end of the year, fixed assets are $17 million. What the fixed asset turnover ratio? Multiple Choice 2.87 1.34 2.53 269What is the return of assets