Question
Badger Corporation has a net profit margin of 8%, a total asset turnover of 2 times, total assets of $1 billion, and total equity of
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Badger Corporation has a net profit margin of 8%, a total asset turnover of 2 times, total assets of $1 billion, and total equity of $500 million. What is the company's return on equity?
a. 32%
b. 30%
c. 24%
d. 16%
e. 8%
Badger Corporation has a net profit margin of 8%, a total asset turnover of 2 times, total assets of $1 billion, and total equity of $500 million. What is the company's return on equity?
| a. | 32% | |
| b. | 30% | |
| c. | 24% | |
| d. | 16% | |
| e. | 8% |
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Contemporary Engineering Economics
Authors: Chan S. Park
5th edition
136118488, 978-8120342095, 8120342097, 978-0136118480
