P7.7 Highgate Computer Company produces $2 million in profits from $28 million in sales. It has total

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P7.7 Highgate Computer Company produces $2 million in profits from $28 million in sales. It has total assets of $15 million.

a. Calculate Highgate’s total asset turnover and its net profit margin.

b. Find the company’s ROA, ROE and book value per share, given that it has a total net worth of $6 million and 500 000 shares outstanding.

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Fundamentals Of Investing

ISBN: 9781442532885

3rd Edition

Authors: Lawrence J. Gitman, Michael D. Joehnk, Scott Smart, Roger Juchau, Donald Ross, Sue Wright

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Question Posted: Oct 24, 2024 07:04 AM

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P7.7 Highgate Computer Company produces $2 million in profits from $28 million in sales. It has total

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Fundamentals Of Investing

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