In: Finance
Coconut, Inc. has sales of $610,400, total equity of $170,000, a profit margin of 10 percent and a debt-equity ratio of 0.8. What is the return on assets?
23.70 percent |
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21.34 percent |
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19.95 percent |
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25.50 percent |
4 points
QUESTION 22
Blueberry, Inc. has total assets of $642,000. There are 60,000 shares of stock outstanding with a market value of $42 a share. The firm has a profit margin of 7 percent and a total asset turnover of 1.36. What is the price-earnings ratio?
26.50 |
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41.18 |
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18.20 |
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33.06 |