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Author Question: Last year, Central Chemicals had sales of $315,000, assets of $183,000, a profit margin of 6.1%, and ... (Read 324 times)

trevg

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on: Aug 7, 2023
Last year, Central Chemicals had sales of $315,000, assets of $183,000, a profit margin of 6.1%, and an equity multiplier of 1.4. The CFO believes that the company could reduce its assets by $32,000 without affecting either sales or costs. Had it reduced its assets in this amount, and had the debt ratio, sales, and costs remained constant, by how much would the ROE have changed?

◦

2.50%


◦

2.85%


◦

3.08%


◦

3.16%

Financial Management: Theory and Practice ¦ Brigham, Ehrhardt, Gessaroli, Nason ¦ 4th Edition
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Marked as best answer by trevg on Aug 7, 2023

DevinBrifm

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Reply #1 on: Aug 7, 2023
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trevg

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Reply 2 on: Aug 7, 2023
Great answer, keep it coming :)

momolu

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Reply 3 on: Yesterday
Excellent

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