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Intermediate Financial Management (MindTap Course List)

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 6P

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Financial accounting question

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.

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