Question
Gates Appliances has a ROA (Profit Margin x Asset Utilization) ratio of 10%, if the debt to asset ratio is 20%, what is the ROE,
Gates Appliances has a ROA (Profit Margin x Asset Utilization) ratio of 10%, if the debt to asset ratio is 20%, what is the ROE, and if they had no debt, what is the ROE Ratio?
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Modern Portfolio Theory and Investment Analysis
Authors: Edwin Elton, Martin Gruber, Stephen Brown, William Goetzmann
9th edition
9781118805800, 1118469941, 1118805801, 978-1118469941
