Question
Assume company X has a net profit margin of 0.08, a total asset turnover of 1.80, and total assets of $3.333 million. If the firm
Assume company X has a net profit margin of 0.08, a total asset turnover of 1.80, and total assets of $3.333 million. If the firm had a debt/assets ratio of 0.50 (this is the proportion of total liabilities out of total assets), what would its ROE be?
Group of answer choices
0.080
0.160
0.288
0.072
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Forecasting And Predictive Analytics With Forecast X
Authors: Barry Keating, J. Holton Wilson, John Solutions Inc.
7th International Edition
1260085236, 9781260085235
