Landtrust has $600,000 in assets and $375,000 of total debt. It reports the net income from...
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Landtrust has $600,000 in assets and $375,000 of total debt. It reports the net income from projects is $200,000 a) What is its ROA b) What is the return on shareholder's equity c) If the business has an asset turnover ratio of 2.25 times, what is the profit margin? Landtrust has $600,000 in assets and $375,000 of total debt. It reports the net income from projects is $200,000 a) What is its ROA b) What is the return on shareholder's equity c) If the business has an asset turnover ratio of 2.25 times, what is the profit margin?
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Answer rating: 100% (QA)
To calculate the various financial ratios well use the following formulas a Return on Assets ROA Net ... View the full answer
Related Book For
Entrepreneurial Finance
ISBN: 978-0538478151
4th edition
Authors: J . chris leach, Ronald w. melicher
Posted Date:
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