Author Question: A retailer has a net profit of 1,000,000, total assets of 12,000,000, a 2.5 asset turnover ratio, ... (Read 246 times)

RRMR · **on:** Jun 29, 2018

A retailer has a net profit of 1,000,000, total assets of 12,000,000, a 2.5 asset turnover ratio, and a net worth of 5,000,000 . What is its financial leverage ratio?
a. .083 times
b. .500 times
c. 2.00 times
d. 2.40 times
e. 4.80 times

Question 2

Agents and brokers are two types of primary channel institutions.

Indicate whether the statement is true or false