Question
A company has the following ratios. Profit margin = 12%, Receivables days = 5, Total asset turnover = 0.3, ROE = 6%. What is its
A company has the following ratios. Profit margin = 12%, Receivables days = 5, Total asset turnover = 0.3, ROE = 6%. What is its Total Assets/Total Equity ratio?
A. 3.0
B. 2.5
C. 2.0
D. 1.7
E. 1.2
F. Cannot tell from these ratios that are given
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Foundations of Finance The Logic and Practice of Financial Management
Authors: Arthur J. Keown, John D. Martin, J. William Petty
8th edition
132994879, 978-0132994873
