Question
1.Southwick Company has total assets of $40,000. It has a profit margin of 5.5 percent on sales of $100,000. If the equity multiplier is 1.5,
1.Southwick Company has total assets of $40,000. It has a profit margin of 5.5 percent on sales of $100,000. If the equity multiplier is 1.5, what is its ROE?
2.You plan to retire with $800,000 in 20 years. How much should you deposit each month into an account that pays 8.5% annual rate compounded monthly? (Note: Compounding frequency is the same as the deposit frequency.)
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The Handbook Of Financial Instruments
Authors: Frank J. Fabozzi
1st Edition
0471220922, 978-0471220923
