FINANCE- Vintage, Inc. has a total asset turnover of 1.56 and a net profit margin of 3.26 percent
FINANCE 330
Subject: Business / Finance
Question
Vintage, Inc. has a total asset turnover of 1.56 and a net profit margin of 3.26 percent. The total assets to equity ratio for the firm is 2.3. Calculate Vintage’s return on equity.
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Round the answers to two decimal places in percentage form. (Write the percentage sign in the "units" box).
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