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inkster inkster
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2 years ago
A company has sales of $640,000, net profit after taxes of $23,000, a total asset turnover of 4.17 and an equity multiplier of 1.67. What is the return on equity?

▸ 25.0%

▸ 9.0%

▸ 8.1%

▸ 4.5%
Textbook 
Fundamentals of Investing

Fundamentals of Investing


Edition: 14th
Authors:
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sagitario81sagitario81
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2 years ago
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inkster Author
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2 years ago
Thank you, thank you, thank you!
jamiebonf99
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This helped my grade so much Perfect
Brownr40
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Thanks for your help!!
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