Question
Calculating Profitability Ratios: APU Inc. has sales of $22 million, total assets of $12 million, total debt of $4 million and a profit margin of
Calculating Profitability Ratios: APU Inc. has sales of $22 million, total assets of $12 million, total debt of $4 million and a profit margin of 6%.
- What is net income (hint: use the profit margin and sales to compute)
- What is the Return on Assets?
What is the Return on Equity? (hint: Assets Liabilities = Equity)
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 10th Edition
1337902578, 978-1337902571
