FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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What is its profit margin?
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- Dimeback Co. has total assets of $8,500,000 and a total asset turnover of 1.8 times. If the return on assets is 8.5 percent. Required: What is its profit margin? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Profit marginarrow_forwardPXG Co. has total assets of $10,300,000 and a total asset turnover of 2.53 times. Assume the return on assets is 11 percent. What is its profit margin? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)arrow_forwardAnswer the below Questionsarrow_forward
- Need both answerarrow_forwardAssume that the Profit Margin for Teebow, Inc., is 4.92%. The company's Total Asset Turnover is 1.8 times. Given that the equity multiplier for the company is 1.67 times, what are its ROA and ROE? It cannot be determined from the information given ROA=8.85% ; ROE = 14.79% ROA=10% ; ROE=15% ROA=13.04% ; ROE=18.85%arrow_forwardHelp mearrow_forward
- If Epic, Inc. has an ROE of 25%, an equity multiplier of 4, and a profit margin of 12%, what is the total asset turnover ratio? a. 0.0833 b. 0.192 c. 0.5208 d. 0.75arrow_forwardNeed helparrow_forwardSilas 4-Wheeler, Inc. has an ROE of 18.72 percent, equity multiplier of 2.00, and a profit margin of 18.00 percent. What is the total asset turnover and the capital intensity? (Round your answers to 2 decimal places.)arrow_forward
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