Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. last year yyy company had a 6.00% net profit margi

Last year YYY Company had a 6.00% net profit margin based on $35,000,000 in sales...

60.1K

Verified Solution

Question

Finance

image

Last year YYY Company had a 6.00% net profit margin based on $35,000,000 in sales and $12,000,000 of total assets. During the coming year, the president has set a goal of attaining a 19% return on total assets. If YYY finances 57% of its assets by borrowing, what will its return on common equity be next year if the return on assets goal is achieved? (State your answer in percent with two decimal places.) 29.91% 33.33% 38.15% 48.49% 44.19%

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

1 n 1 2 21 1 1 1 I n 1 9 1 n 1...

Physics
Q

1 EXPLAIN using specific evidence a POLITICAL CULTURAL and ECONOMIC impact of the 1920s

Algebra
Q

Square Hammer Corp. shows the following information on its 2018 income statement: Sales = $235,000; Costs...

Finance
Q

Design a wide band pass filter with fL = 500 Hz, fH = 2kHz and...

Electrical Engineering
Q

Because it contains acids DNA with H E staining the nucleus will look clear O...

Biology
Q

are as registered by 8 A centigrade and a Fahrenheit thermometer a dipped in boiling...

Physics
Q

13 How does the graph of y y m x x compare with the graph...

Algebra
Q

Problem 10-16 (Algo) Comprehensive Variance Analysis (LO10-1, LO10-2, LO10-3] Highland Company produces a...

Accounting
Q

Victor Mineli, the new controller of Oriole Company, has reviewed the expected useful lives and...

Accounting
Q

Blossom's Graphics has a December 31 year end. Blossom's Graphics records adjusting entries on an...

Accounting
Q

Actual total variable overhead $ 74,000 Actual total fixed overhead $ 18,000 Budgeted variable overhead...

Accounting
Q

The risk is higher for stock a compared to stock B, return is the same....

Accounting