Question
Assume for every dollar of revenue, net income is 8 cents, total asset turnover is 1.20 and there is $1.70 in total assets for every
Assume for every dollar of revenue, net income is 8 cents, total asset turnover is 1.20 and there is $1.70 in total assets for every dollar of total equity. According to the Dupont system of financial ratio analysis, the ROE would be approximately
A. 16% B.19% C.8% D. 11%
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Bond Markets Analysis And Strategies
Authors: Frank J.Fabozzi
7th Edition
0136078974, 978-0136078975
