Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN: 9781337395083
Author: Eugene F. Brigham, Phillip R. Daves
Publisher: Cengage Learning
Bartleby Related Questions Icon

Related questions

Question

I want to answer

Oscar's Dog House has a net profit of $56,000
and sales of 1,000,000. It has total assets of
$8,000,000. Its book value/equity is $5,300,000
and it pays out 35% of earnings as dividends.
Required:
a. What's its net profit margin, equity multiplier,
and total asset turnover ratio?
b. What is the return on equity using the DuPont
Identity formula?
expand button
Transcribed Image Text:Oscar's Dog House has a net profit of $56,000 and sales of 1,000,000. It has total assets of $8,000,000. Its book value/equity is $5,300,000 and it pays out 35% of earnings as dividends. Required: a. What's its net profit margin, equity multiplier, and total asset turnover ratio? b. What is the return on equity using the DuPont Identity formula?
Expert Solution
Check Mark
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Intermediate Financial Management (MindTap Course...
Finance
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Cengage Learning