3.RAM has net income of AED 12 million a profit margin of 6 percent, and an accounts receivablebalance of AED 15 million. What is the collection period?4. A firm has a debt-total asset ratio of 75 percent, net income 20 million and total assetsAED 800million What is the return on equity?

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Answered: 3.RAM has net income of AED 12 million…

3.RAM has net income of AED 12 million a profit margin of 6 percent, and an accounts receivable balance of AED 15 million. What is the collection period?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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3.RAM has net income of AED 12 million a profit margin of 6 percent, and an accounts receivable
balance of AED 15 million. What is the collection period?
4. A firm has a debt-total asset ratio of 75 percent, net income 20 million and total assetsAED 800
million What is the return on equity?

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