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QUESTION
Trying to find the ROA and ROE These answers were not correct : ROA = profit margin x Asset turnover = 27.45% x 1.375 = 37.74% ROE = ROA x Equity...
Trying to find the ROA and ROE
These answers were not correct :
ROA = profit margin x Asset turnover
= 27.45% x 1.375
= 37.74%
ROE = ROA x Equity multiplier
= 37.74% x 2.4390
= 92.05%
Files:
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