Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1- Apple had sales of $500,000, net profit margin of 4%, a total assets turnover of 1.5, and equity of $150,000. What was the Company

1- Apple had sales of $500,000, net profit margin of 4%, a total assets turnover of 1.5, and equity of $150,000. What was the Company ROE?

2- Apple had sales of $150,000, a total assets of $560,000, sales of $880,000, and net profit margin of 6%. What was the Company return on equity?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions