Computer Geeks has sales of $618,900, a profit margin of 13.2 percent, a total asset turnover rate of 1.54, and an equity multiplier of 1.06. What is the return on equity?
a. 18.91 percent
b. 12.67 percent
c. 18.28 percent
d. 22.11 percent
e. 21.55 percent

Question

11-07-2024
Business

Answered

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Computer Geeks has sales of $618,900, a profit margin of 13.2 percent, a total asset turnover rate of 1.54, and an equity multiplier of 1.06. What is the return on equity?
a. 18.91 percent
b. 12.67 percent
c. 18.28 percent
d. 22.11 percent
e. 21.55 percent

Sagot :

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