Drive-Up has sales of $31.4 million, total assets of $27.6 million, and total debt of $14.9...

 

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Drive-Up has sales of $31.4 million, total assets of $27.6 million, and total debt of $14.9 million. The profit margin is 4.5 percent. What is the return on equity? [Hint: NI - Sales x profit margin; ROE - NI/Equity] An increase in current liabilities will have which one of the following effects, all else held constant? Assume all ratios have positive values. Increase in the net working capital to total assets ratio O Increase in the current ratio Decrease in the quick ratio Drive-Up has sales of $31.4 million, total assets of $27.6 million, and total debt of $14.9 million. The profit margin is 4.5 percent. What is the return on equity? [Hint: NI - Sales x profit margin; ROE - NI/Equity] An increase in current liabilities will have which one of the following effects, all else held constant? Assume all ratios have positive values. Increase in the net working capital to total assets ratio O Increase in the current ratio Decrease in the quick ratio

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