Profit margin multiply assets turnover multiply equity multiplier is used to calculate

Profit margin multiply assets turnover multiply equity multiplier is used to calculate Correct Answer return on equity

Profit margin multiply assets turnover multiply equity multiplier is used to calculate return on equity. Return on equity (ROE) is a measure of financial performance calculated by dividing net income by shareholders' equity.

Related Questions

In a recent year, Windsor's Boat's reported an asset turnover ratio of 2.46 times and a profit margin of 19.8% . In the same year, Sarah's Sail Boats reported an asset turnover ratio of 1.27 times and a profit margin of 9.9% . Which of the following statements is false ?