A firm has sales of R40 million, total assets of R50 million and total debt of R9 million. The net profit margin is 8%. a) What is the net profit? b) ROE

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 6P
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A firm has sales of R40 million, total assets of R50 million and total debt of R9 million. The net profit margin is 8%.
a) What is the net profit?          
             
b) ROE            
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