Dew Point Dynamite, Inc. generated a 1.23 total asset turnover in its latest fiscal year on assets of $2,112,077. The firm has total liabilities of $950,997. The firm's net profit margin was 10.3%
What is Dew Point's return on equity? Round to the nearest 0.1%.
A) 23.1%
B) 12.6%
C) 5.5%
D) 18.2%
Answer: A
You might also like to view...
Why does the tariff system vary from country to country? Explain, giving examples of tariffs imposed by the United States with particular emphasis on preferential tariffs
What are the conditions under which GATT allows the use of preferential tariffs?
Which of the following is not a basic activity in the conversion process?
A. Issue raw material B. Ship products to stores C. Authorize production D. Perform work and account for labor
A partnership will not be dissolved by
a. the addition of a new partner; b. the sale of one partner's interest; c. the contribution of additional cash by an existing partner to the partnership; d. bankruptcy; e. the withdrawal of a partner
What is formal communication in organizations? Describe the various types and provide an example of how each might be used in the workplace.
What will be an ideal response?