Question
1.Lowell Growth, Inc. has total debt ratio of 0.48 and a dividend payout ratio of 40 percent. If its profit margin is 7 percent and
1.Lowell Growth, Inc. has total debt ratio of 0.48 and a dividend payout ratio of 40 percent. If its profit margin is 7 percent and total asset turnover is 2.5, what is its return on assets ratio (ROA)?
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Practical financial management
Authors: William r. Lasher
5th Edition
0324422636, 978-0324422634
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