P7.10 The Buffalo Manufacturing Company has total assets of $10 million, an asset turnover of 2.0 times,
Question:
P7.10 The Buffalo Manufacturing Company has total assets of $10 million, an asset turnover of 2.0 times, and a net profit margin of 15%.
a. What is Buffalo's return on assets?
b. Find Buffalo's ROE, given that 40% of the assets are financed with stockholders' equity.
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Related Book For 
Fundamentals Of Investing
ISBN: 9780136117049
11th Edition
Authors: Lawrence J. Gitman, Michael D. Joehnk, Scott B. Smart, Scott J. Smart
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