Author Question: Northwest Lumber had a profit margin of 6.8%, a total assets turnover of 1.6, and an equity ... (Read 66 times)

sc1250 · **on:** Aug 7, 2023

Question 1

Nikko Corp.’s total common equity at the end of last year was $702,000, and its net income after taxes was $150,000. What was its ROE?

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21.37%

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22.04%

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23.80%

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24.45%

Question 2

Northwest Lumber had a profit margin of 6.8%, a total assets turnover of 1.6, and an equity multiplier of 2.3. What was the firm’s ROE?

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25.02%

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26.34%

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27.00%

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28.65%

bball_babe_123 · **Reply #1 on:** Aug 7, 2023

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