Question
All of the following equations represent return on equity EXCEPT: a. (net profit margin) (1 + D/E) b. (net profit margin) (total asset turnover) (assets/equity)
All of the following equations represent return on equity EXCEPT:
| a. | (net profit margin) (1 + D/E) | |
| b. | (net profit margin) (total asset turnover) (assets/equity) | |
| c. | (ROA) (1 + D/E) | |
| d. | [(operating profit margin) (total asset turnover) interest expense rate)] (financial leverage multiplier) (tax retention rate) | |
| e. | net income/equity |
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Personal Finance
Authors: E Thomas Garman, Raymond Forgue
11th Edition
1111531013, 9781111531010
