Georgetown Motorcars (GM) had a profit for the year of R428 571 and sales to the amount of R10 000 000. The company had a return on equity (ROE) of 15% and an equity multiplier of 1,67. What is the company’s total asset turnover ratio?

Georgetown Motorcars (GM) had a profit for the year of R428 571 and sales to the amount of R10 000 000. The company had a return on equity (ROE) of 15% and an equity multiplier of 1,67. What is the company’s total asset turnover ratio?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 19P

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