The Dahlia Company has net income of $161,850. There are currently 30.25 days' sales in receivables. Total assets are $850,000, total receivables are $147,500, and the debt-equity ratio is .35. What is the company's profit margin? What is the company's total asset turnover? What is the company's 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 7P: Ace Industries has current assets equal to 3 million. The companys current ratio is 1.5, and its...
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What is the company's ROE on this general accounting question?

The Dahlia Company has net income of
$161,850. There are currently 30.25 days' sales
in receivables. Total assets are $850,000, total
receivables are $147,500, and the debt-equity
ratio is .35. What is the company's profit margin?
What is the company's total asset turnover? What
is the company's ROE?
Transcribed Image Text:The Dahlia Company has net income of $161,850. There are currently 30.25 days' sales in receivables. Total assets are $850,000, total receivables are $147,500, and the debt-equity ratio is .35. What is the company's profit margin? What is the company's total asset turnover? What is the company's ROE?
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