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Author Question: Northwest Lumber had a profit margin of 6.8%, a total assets turnover of 1.6, and an equity ... (Read 81 times)

sc1250

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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?

◦

21.37%


◦

22.04%


◦

23.80%


◦

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?

◦

25.02%


◦

26.34%


◦

27.00%


◦

28.65%

Financial Management: Theory and Practice ¦ Brigham, Ehrhardt, Gessaroli, Nason ¦ 4th Edition
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Marked as best answer by sc1250 on Aug 7, 2023

bball_babe_123

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Reply #1 on: Aug 7, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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sc1250

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

lcapri7

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

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