EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN: 9781337514835
Author: MOYER
Publisher: CENGAGE LEARNING - CONSIGNMENT
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Provide answer general Accounting question

A company, TechPro Inc., has a net profit margin of 8%
on sales of $75 million. The company's book value of
equity is $60 million and total liabilities are $45 million.
Calculate:
a) Return on Equity (ROE)
b) Return on Assets (ROA)
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Transcribed Image Text:A company, TechPro Inc., has a net profit margin of 8% on sales of $75 million. The company's book value of equity is $60 million and total liabilities are $45 million. Calculate: a) Return on Equity (ROE) b) Return on Assets (ROA)
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