Multiple Choice
Wiggle Pools has total equity of $358,200 and net income of $47,500.The debt-equity ratio is .68 and the total asset turnover is 1.2.What is the profit margin?
A) 4.82 percent
B) 5.23 percent
C) 5.67 percent
D) 6.58 percent
E) 7.31 percent
Correct Answer:
Verified
Correct Answer:
Verified
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