Stroud Sporting Gear Inc. has a net profit margin of 9%, a total asset turnover of 2.4,
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Stroud Sporting Gear Inc. has a net profit margin of 9%, a total asset turnover of 2.4, total assets of $225 million, and total equity of $120 million. What is the company's return on equity?
Asset TurnoverAsset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.
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Return on equity net income equity We know that equity is 120 million so we need to calculate ne...View the full answer
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Related Book For 
Fundamentals Of Investing
ISBN: 9780134083308
13th Edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
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