a. Calculate Keystone's return on stockholders' equity. Round your answer to two decimal places. % b. Industry average ratios are Net profit margin 8.5% Total asset turnover 2.1 times Equity multiplier 1.2 times Compare Keystone's net profit margin, total asset turnover, and equity multiplier to these averages. Round your answers to two decimal places.

a. Calculate Keystone's return on stockholders' equity. Round your answer to two decimal places. % b. Industry average ratios are Net profit margin 8.5% Total asset turnover 2.1 times Equity multiplier 1.2 times Compare Keystone's net profit margin, total asset turnover, and equity multiplier to these averages. Round your answers to two decimal places.

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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