Bryley, Inc. earned a net profit margin of 5.5 percent last year and had an equity multiplier of 2.56. If its total assets are $105 million and its sales are $142 million, what is the firm's return on equity?
Bryley, Inc. earned a net profit margin of 5.5 percent last year and had an equity multiplier of 2.56. If its total assets are $105 million and its sales are $142 million, what is the firm's return on equity?
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 6P
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Question
Bryley, Inc. earned a net profit margin of
5.5
percent last year and had an equity multiplier of
2.56.
If its total assets are
$105
million and its sales are
$142
million, what is the firm's return on equity?
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