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)

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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Question

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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