Question
11 Avex Corp. has a total asset turnover ratio of 1.6 and a profit margin of 4.5%. Avex has $200 million in total assets and
11
Avex Corp. has a total asset turnover ratio of 1.6 and a profit margin of 4.5%. Avex has $200 million in total assets and $90 million in total owner's equity. What is the firm's return on equity (ROE)?
Select one:
a. 12.0%
b. 14.0%
c. 16.0%
d. 18.0%
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
15th edition
1337671002, 978-1337395250
