Toronto Skaters Company earned a net profit margin of 6% in 2015.Their turnover ratio is 5 and the firm had a leverage ratio of 3.The return on equity earned by Toronto Skaters in 2015 is:
A) 0.90%
B) 9%
C) 10%
D) 90%

Name: Toronto Skaters Company earned a net profit margin of 6% in 2015.Their turnover ratio is 5 and the firm had a leverage ratio of 3.The return on equity earned by Toronto Skaters in 2015 is: A) 0.90% B) 9% C) 10% D) 90%
Brand: Quizplus
Rating: 4.8 (37 reviews)

Question

Quizplus · Accepted Answer

6%*5*3 = 90%

Toronto Skaters Company Earned a Net Profit Margin of 6