Return on assets equals:
A) Gross profit ratio x Inventory turnover.
B) Profit margin x Inventory turnover.
C) Gross profit ratio x Asset turnover.
D) Profit margin x Asset turnover.
Correct Answer:
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Q44: Stealth Company's 2013 return on equity is:
A)17.1%.
B)14.0%.
C)12.6%.
D)7.1%.
Q45: Stealth Company's 2013 gross profit ratio is:
A)77.1%.
B)80.0%.
C)40.0%.
D)60.0%.
Q46: TPX Company's 2013 profit margin is:
A)18.8%.
B)9.0%.
C)19.4%.
D)15.1%.
Q47: TPX Company's 2013 gross profit ratio is:
A)57.5%.
B)36.5%.
C)63.5%.
D)60.0%.
Q48: TPX Company's 2013 asset turnover is:
A)3.7 times.
B)2.8
Q50: Stealth Company's 2013 profit margin is:
A)17.1%.
B)13.5%.
C)7.6%.
D)4.5%.
Q51: TPX Company's 2013 return on equity is:
A)16.7%.
B)15.0%.
C)15.8%.
D)21.4%.
Q52: TPX Company's 2013 return on assets is:
A)48.2%.
B)9.3%.
C)8.8%.
D)9.0%.
Q53: Excerpts from TPX Company's December
Q54: Given the information below,what is the
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