Trying to find the ROA and ROE These answers were not correct : ROA = profit margin x Asset turnover = 27.45% x 1.375 = 37.74% ROE = ROA x Equity…

/in /by

Trying to find the ROA and ROE

These answers were not correct :

ROA = profit margin x Asset turnover

        = 27.45% x 1.375

        = 37.74%

ROE = ROA x Equity multiplier

        = 37.74% x 2.4390

        = 92.05%

"Get 15% discount on your first 3 orders with us"
Use the following coupon
FIRST15

Order Now