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Wilson Electronics Corporation has a net income of $120,000. They reported $3,600,000 in sales. Total assets are $900,000, total receivables are $150,000, and the equity multiplier ratio is 2.25X. What is Wilson's total asset turnover? What is Wilson's ROE?

Wilson Electronics Corporation has a net income of $120,000. They reported $3,600,000 in sales. Total assets are $900,000, total receivables are $150,000, and the equity multiplier ratio is 2.25X. What is Wilson's total asset turnover? What is Wilson's ROE?

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 7P: Ace Industries has current assets equal to 3 million. The companys current ratio is 1.5, and its...
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Wilson Electronics Corporation has a net income of $120,000. They reported $3,600,000 in sales. Total assets are $900,000, total receivables are $150,000, and the equity multiplier ratio is 2.25X. What is Wilson's total asset turnover? What is Wilson's ROE?
Transcribed Image Text:Wilson Electronics Corporation has a net income of $120,000. They reported $3,600,000 in sales. Total assets are $900,000, total receivables are $150,000, and the equity multiplier ratio is 2.25X. What is Wilson's total asset turnover? What is Wilson's ROE?
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