Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In 2021, Microsoft had total assets of $52.8 billion, an asset turnover ratio of 1.45 times, and a net profit margin of 11.0%. 38.7% of

In 2021, Microsoft had total assets of $52.8 billion, an asset turnover ratio of 1.45 times, and a net profit margin of 11.0%. 38.7% of assets are financed with equity. What is the return on equity for Microsoft?
Question 8 options:

39.0%

39.4%

39.8%

40.2%

40.4%

40.8%

41.2%

41.6%

42.0%

42.3%

42.6%

43.0%

43.3%

43.6%

44.0%

44.3%

44.6%

45.0%

45.3%

45.6%

46.0%

46.3%

46.6%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Finance For Nonfinancial Managers

Authors: Gene Siciliano

2nd Edition

0071824367, 978-0071824361

More Books

Students also viewed these Finance questions