Multiple Choice
Midget Co. has a profit margin on sales of 4% and a ROE of 18%. If Midget's debt-to-equity ratio is .8, what is the total asset turnover ratio?
A) 2.500.
B) 5.625.
C) 2.000.
D) 10.125.
Correct Answer:
Verified
Correct Answer:
Verified
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