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The Buffalo Manufacturing Company has total assets of $6 million, an asset turnover of 1.8 times, and a net profit margin of 11.3%. a. What
The Buffalo Manufacturing Company has total assets of $6 million, an asset turnover of 1.8 times, and a net profit margin of 11.3%. a. What is Buffalo's return on assets? b. Find Buffalo's ROE, given that 35.1% of the assets are financed with stockholders' equity. a. Buffalo's return on assets (ROA) is %. (Round to two decimal places.) b. Given that 35.1% of the assets are financed with stockholders' equity, Buffalo's return on equity (ROE) is 10%. (Round to two decimal places.)
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