Give calculation of vintage's return on equity and units Vintage, Inc. has a total asset turnover of 4.18 and a net profitmargin of 19.40 percent. The total assets to equity ratio for thefirm is 2.6. Calculate Vintage's return on equity and units.

Return on Equity (ROE) can also be computed by using the Dupont formula, which is:ROE = Net Profit…

Answered: Vintage, Inc. has a total asset…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Vintage, Inc. has a total asset turnover of 4.18 and a net profit margin of 19.40 percent. The total assets to equity ratio for the firm is 2.6. Calculate Vintage's return on equity and units.