If a company reports a 7 percent profit margin, a total asset turnover of 1.8, and a
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If a company reports a 7 percent profit margin, a total asset turnover of 1.8, and a total debt ratio of 0.72, what are its ROA and ROE?
Asset TurnoverAsset 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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Corporate Finance
ISBN: 978-0071339575
7th Canadian Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Ro
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