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Doublewide Dealers has an ROA of 10 percent a 2 percent profit margin and ROE of 15 percent What is its total assets turnover?

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Answer:

1.5=1.0 x EM
1.5=1.0EM 1.5/1.0EM
EM=1.5/1.0=1.5
1.5=0.3TAT
ROE=PROFIT MARGIN X TAT X EM
TAT=1.5/0.3=5

First answer by ID0702515726. Last edit by ID0702515726. Question popularity: 0 [recommend question].

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