Question
The Dahlia Company has net income of $166,850. There are currently 32.25 days sales in receivables. Total assets are $855,000, total receivables are $148,000, and
The Dahlia Company has net income of $166,850. There are currently 32.25 days sales in receivables. Total assets are $855,000, total receivables are $148,000, and the debtequity ratio is .60. What is the companys profit margin? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Profit margin % What is the companys total asset turnover? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Total asset turnover times What is the companys ROE? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) ROE %
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started