Question
A company has $20 million of sales and $1 million of net income. Its total assets are $10 million. The company finances its total assets
A company has $20 million of sales and $1 million of net income. Its total assets are $10 million. The company finances its total assets with half debt and half common equity.
a) What is its profit margin?
b) What is its ROA?
c) What is its ROE?
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The Financial System Financial Regulation And Central Bank Policy
Authors: Thomas F. Cargill
1st Edition
1107035678, 9781107035676
