Calculate the return on equity for firm ABC given the following data: ABC Profit Margin on Sales
Question:
ABC Profit Margin on Sales is equal to 5%
ABC Total Asset Turnover (TAT) is equal to 2 times
ABC Debt Ratio is equal to 0.73
Asset Turnover
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.
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Related Book For 
Financial Accounting Tools for Business Decision Making
ISBN: 978-1119368458
7th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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