a) An equity turnover of 1.2.
b) A profit margin of 21.33%.
c) A return on equity of 14.3%.
d) A debt-to-asset ratio of 0.62.
The correct answer is: b)
Return on Assets = NI/Sales = Sales/Assets x NI/Sales
.16 = 0.75 x (NI/Sales)
Therefore, NI/Sales = .16/.75 = 21.33%
The correct answer is A) In a Roth IRA, there is no required distribution date as there is in a traditional IRA.
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The correct answer is C). SEC Release IA-1092 considers financial planners, pension consultants and sports and entertainment ...
The correct answer is a): Since Todd owns the stock and expects another stagnant year ahead, he would employ a covered call ...
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