Question
Golden Co. has an ROE of 21.06%, their equity multiplier is 1.35 and an total asset turnover ratio of 0.6. What is companys sales if
Golden Co. has an ROE of 21.06%, their equity multiplier is 1.35 and an total asset turnover ratio of 0.6. What is companys sales if their net income is $41,200?
Select one:
a.$158,461
b.$6,911.30
c.$55,620
d.$195,631.5
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The Analysis And Use Of Financial Statements
Authors: Gerald I. White, Ashwinpaul C. Sondhi, Haim D. Fried
3rd Edition
0471375942, 978-0471375944
