Question
HW 1B Question 1 Vintage, Inc. has a total asset turnover of 0.60 and a net profit margin of 3.47 percent. The total assets to
HW 1B
Question 1
Vintage, Inc. has a total asset turnover of 0.60 and a net profit margin of 3.47 percent. The total assets to equity ratio for the firm is 1.8. Calculate Vintage's return on equity.
Round the answers to two decimal places in percentage form. (Write the percentage sign in the "units" box).
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Principles of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter, Wajeeh Elali, Amer Al Roubaix
Arab World Edition
1408271583, 978-1408271582
