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Sunshine Beverage Corporation has provided the following information: Net income = $180,000 Sales = $1.8 million Total asset turnover = 2.5 Equity multiplier = 2 The company has no preferred stock outstanding. Calculate Sunshine Beverage's return on assets and return on equity.

Sunshine Beverage Corporation has provided the following information: Net income = $180,000 Sales = $1.8 million Total asset turnover = 2.5 Equity multiplier = 2 The company has no preferred stock outstanding. Calculate Sunshine Beverage's return on assets and return on equity.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 10P
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Sunshine Beverage Corporation has provided the following information: Net income = $180,000 Sales = $1.8 million Total asset turnover = 2.5 Equity multiplier = 2 The company has no preferred stock outstanding. Calculate Sunshine Beverage's return on assets and return on equity.
Transcribed Image Text:Sunshine Beverage Corporation has provided the following information: Net income = $180,000 Sales = $1.8 million Total asset turnover = 2.5 Equity multiplier = 2 The company has no preferred stock outstanding. Calculate Sunshine Beverage's return on assets and return on equity.
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