Question
Clark Inc. has a net profit margin of 3.0%, a total asset turnover of 2.2, total assets of $600 million, and a book value of
Clark Inc. has a net profit margin of 3.0%, a total asset turnover of 2.2, total assets of $600 million, and a book value of equity of $300 million.Clark's current return-on-equity (ROE) is closest to:
A. 22.6%
B. 13.2%
C. 27.1%
D. 11.7%
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Get StartedRecommended Textbook for
Derivatives Markets
Authors: Robert McDonald
3rd Edition
978-9332536746, 9789332536746
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