1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
cricket20 [7]
3 years ago
12

If Roten Rooters, Inc., has an equity multiplier of 1.63, total asset turnover of 2.50, and a profit margin of 4.3 percent, what

is its ROE? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.).
ROE _________ ?? %
Business
1 answer:
skelet666 [1.2K]3 years ago
5 0

Answer: 17.52%

Explanation:

Equity Multiplier = 1.63

Total asset turnover = 2.50

Profit margin = 4.3%

Rate of Return = Equity Multiplier × Asset turnover × Profit margin

= 1.63 × 2.50 × 4.3%

= 1.63 × 2.50 × 0.043

= 0.175225

= 17.52% approximately

You might be interested in
Suppose the demand for hard-wood flooring increases, while the demand for wall-to-wall carpeting decreases. Based on this change
Hatshy [7]

Answer:

Option A                                              

Explanation:

Frictional joblessness is one form of joblessness. This is often referred to as searching insecurity, that can be dependent on specific conditions. When an employee applies for a position or moves from one workplace to another which is time wasted in employment than such condition is called frictional unemployment.

There is frictional instability, since both employers and employees are diverse, and the dynamics of market forces can lead in a shortage. Such a misalignment may be linked to expertise, salary, job time, place, mood, taste, and many other variables.

8 0
3 years ago
List at least four investment alternatives.
Ierofanga [76]
Four investment alternatives are hedge funds, futures, stocks, and bonds. If you are looking for more: mutual funds, annuities, and real estate are others.
5 0
4 years ago
Read 2 more answers
If John made $23,562.55 in wages, and $2,679.32 cents in tips, what amount should he enter for his income when filling out his 1
Harrizon [31]

Answer:

Explanation:

$26,241.67

8 0
3 years ago
Read 2 more answers
Tara has found a CTSO she’s interested in joining. How can Tara become a member of the CTSO? Tara can become a member of the CTS
ICE Princess25 [194]

membership fee. should be correct

3 0
4 years ago
Read 2 more answers
Fact pattern 33-1a berry indicates that she is acting as an agent on behalf of an unidentified client—cuisine catering, llc—when
posledela
Liability to Desean for non performance of the contract may be imposed on BERRY AND CUISINE CATERING.
Berry is required by the law to perform the duties in the contract agreement, failure to do this will creates liability for Berry and in that case, both Berry and Cuisine catering will be liable, because Berry had said that she is working on behalf of Cusine catering, thus, Cusine catering is already a part of the contract.
8 0
3 years ago
Other questions:
  • A Condominium owner files a declaration with the county clerk which divides his individual ownership and ownership in common ele
    6·1 answer
  • The largest organizational unit in the federal bureaucracy is a(n) __________. science forums
    12·2 answers
  • ______ can be defined as the general plan of action that describes resource allocation and other activities for dealing with the
    8·1 answer
  • Aldoor, a smart phone manufacturer, understands that word-of-mouth marketing is an important aspect in the success of a product.
    5·1 answer
  • Listed below are several transactions. For each transaction, indicate whether the cash effect of each transaction is reported in
    14·1 answer
  • Select all that apply On November 1, 2019, Movers, Inc., paid $24,000 for 2 years' rent beginning on November 1 (assume rent is
    9·1 answer
  • The distinction between a current asset and other assets: Multiple Choice is based on the ability to determine the current fair
    12·1 answer
  • Which statement is prepared for only one date?
    10·1 answer
  • A $340,000 property sells at a 7ommission with a 50-50 co-brokerage split and a 50 gent split with her broker. what is agent's c
    10·1 answer
  • hp ties its printer ink to its printers by embedding a patented printer head in its ink cartridge rather than build it into the
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!