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Question 14(3 points) Doublewide Dealers has a return on total assets (ROA) of 20%, a 5% net profit margin (NPM), and a return on common
Question 14(3 points) Doublewide Dealers has a return on total assets (ROA) of 20%, a 5% net profit margin (NPM), and a return on common equity (ROE) of 40%. What is its total assets turnover (TAT)? What is its financial leverage multiplier (FLM)? [Hint: This question is similar to Chapter 3 Power Point Slide #49 (Example Question #10).] b TAT = 3 and FLM = 4 TAT = 4 and FLM = 2 TAT = 4 and FLM = 5 TATB and FLM = 2
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