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Author Question: Last year, Mason Inc. had a total assets turnover of 1.82 and an equity multiplier of 1.94. Its ... (Read 82 times)

heatherbabydoll1

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on: Aug 7, 2023
Last year, Mason Inc. had a total assets turnover of 1.82 and an equity multiplier of 1.94. Its sales were $263,000 and its net income was $17,335. The CFO believes that the company could have operated more efficiently, lowered its costs, and increased its net income by $6,890 without changing its sales, assets, or capital structure. Had it cut costs and increased its net income in this amount, by how much would the ROE have changed?

◦

8.73%


◦

9.00%


◦

9.25%


◦

9.45%

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Marked as best answer by heatherbabydoll1 on Aug 7, 2023

ElaneShive

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Reply #1 on: Aug 7, 2023
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heatherbabydoll1

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Reply 2 on: Aug 7, 2023
Excellent

helenmarkerine

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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