3.RAM has net income of AED 12 million a profit margin of 6 percent, and an accounts receivablebalance of AED 15 million. What is the collection period?4. A firm has a debt-total asset ratio of 75 percent, net income 20 million and total assetsAED 800million What is the return on equity?

Answered: 3.RAM has net income of AED 12 million…

3.RAM has net income of AED 12 million a profit margin of 6 percent, and an accounts receivable balance of AED 15 million. What is the collection period?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 13P

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Question

3.RAM has net income of AED 12 million a profit margin of 6 percent, and an accounts receivable
balance of AED 15 million. What is the collection period?
4. A firm has a debt-total asset ratio of 75 percent, net income 20 million and total assetsAED 800
million What is the return on equity?

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