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How do you find the return on assets and the return on equity given the following? Sales $27,000,000 Total assets 19,000,000 Total debt 6,400,000 Profit margin 8% Net income 2,160,000
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Return on Assets & Return on Equity
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Question... Lily Cosmetics has annual sales of $500,000,000. They maintain a net after tax profit margin of 5% and they have a sales-to-assets ratio of 4. A) What is the Return on assets? B) If the debt/equity ratio is 0.5, what is the Return on Equity? View more questions Search
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