Triangular Chemicals has total assets of $95 ​million, a return on equity of 37 ​percent, a net profit margin of 5.2 ​percent, and an equity multiplier of 2.48. How much are the​ firm's sales?

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 5P: Needham Pharmaceuticals has a profit margin of 3% and an equity multiplier of 2.0. Its sales are...
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 Triangular Chemicals has total assets of
$95
​million, a return on equity of
37
​percent, a net profit margin of
5.2
​percent, and an equity multiplier of
2.48.
How much are the​ firm's sales?
 
 
 
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