Waldale Pools has total equity of $289,100 and net income of $64,500.The debt-equity ratio is 0.55 and the total asset turnover is 1.6.What is the profit margin?
A) 3.10 percent
B) 5.23 percent
C) 5.67 percent
D) 9.00 percent
E) 22.31 percent
Correct Answer:
Verified
Q77: Children's Place has a market-to-book ratio of
Q78: Textile Mills has sales of $923,000,cost of
Q79: Phil's Hardware sells its inventory in 75
Q80: Larry's Gun Shop has sales of $189,000,a
Q81: Computer Geeks has sales of $521,000,a profit
Q83: Tessler Farms has a return on equity
Q84: Joshua's Antiques has a total asset turnover
Q85: A firm has sales of $311,000 and
Q86: Fried Foods has sales of $238,900,total assets
Q87: Mike's Place has total assets of $123,800,a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents