Company profit margin-company total asset turnover


Problem:

The Rose Company has net income of $160,850. There are currently 29.85 days' sales in receivables. Total assets are $849,000, total receivables are $147,400, and the debt-equity ratio is 0.30.

Requirement:

Question 1: What is the company's profit margin?

Question 2: What is the company's total asset turnover?

Question 3: What is the company's ROE?

Note: Please show guided help with steps and answer.

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Company profit margin-company total asset turnover
Reference No:- TGS0886163

Expected delivery within 24 Hours