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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 340 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%

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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
YES! Correct, THANKS for helping me on my review

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Reply 3 on: Yesterday
Excellent

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