Use the following information for ECE incorporated: Assets $200 million Shareholder Equity $100 million Sales $300 million If ECE's net profit margin is 8% , then ECE's return on equity (ROE) is: A) 10% B) 12% C) 24% D) 30%
Use the following information for ECE incorporated: Assets $200 million Shareholder Equity $100 million Sales $300 million If ECE's net profit margin is 8% , then ECE's return on equity (ROE) is: A) 10% B) 12% C) 24% D) 30%
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 2P
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Use the following information for ECE incorporated:
Assets $200 million
Shareholder Equity $100 million
Sales $300 million
If ECE's net profit margin is 8% , then ECE's
- A) 10%
- B) 12%
- C) 24%
- D) 30%
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