Sweet Tooth Cookies, Inc. has the following ratios. ROE = 15% Total Asset turnover = 1.2 ROS
Question:
Sweet Tooth Cookies, Inc. has the following ratios.
ROE = 15%
Total Asset turnover = 1.2
ROS = 10%
What percentage of its assets are financed by equity?
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.
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