Get correct answer general accounting Vintage, Inc. has a total asset turnover of 1.55 and anet profit margin of 3.65%. The total assets to equityratio for the firm is 2.4.Calculate Vintage's return on equity. Round theanswers to two decimal places in percentage form.

Explanation: The formula to calculate Return on Equity using DuPont analysis is = Profit margin *…

Answered: Vintage, Inc. has a total asset…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 2P

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Vintage, Inc. has a total asset turnover of 1.55 and a net profit margin of 3.65%. The total assets to equity ratio for the firm is 2.4. Calculate Vintage's return on equity. Round the answers to two decimal places in percentage form.