Multiple Choice
A firm has a net profit/pretax profit ratio of 0.6, a leverage ratio of 1.5, a pretax profit/EBIT of 0.7, an asset turnover ratio of 4, a current ratio of 2, and a return-on-sales ratio of 6%. Its ROE is ________.
A) 7.56%
B) 15.12%
C) 20.16%
D) 30.24%
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q65: The financial statements of Flathead Lake Manufacturing
Q66: A firm purchases goods on credit worth
Q67: The ABS company has a capital base
Q68: Firm A acquires firm B when firm
Q69: A firm has a lower inventory turnover,
Q71: The financial statements of Burnaby Mountain Trading
Q72: When assessing the sustainability of a firm's
Q73: Operating ROA can be found as the
Q74: A firm has an ROE equal to
Q75: Which of the following is NOT a