XYZ Corporation generated a 1.20 total asset turnover in its total assets of P2,000,000. The firm’s liabilities of P1,800,000. The firm’s net profit margin was 1.3%. What is the firm’s return on equity? 1.56% 7.70% 13.0% 15.60%
XYZ Corporation generated a 1.20 total asset turnover in its total assets of P2,000,000. The firm’s liabilities of P1,800,000. The firm’s net profit margin was 1.3%. What is the firm’s return on equity? 1.56% 7.70% 13.0% 15.60%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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XYZ Corporation generated a 1.20 total asset turnover in its total assets of P2,000,000. The firm’s liabilities of P1,800,000. The firm’s net profit margin was 1.3%. What is the firm’s return on equity?
- 1.56%
- 7.70%
- 13.0%
- 15.60%
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