Solutions to Questions and Problems

Total asset turnover = $14,000,000 / $6,000,000 = 2.33 times. If the new total asset turnover is 2.75, we can use the total asset turnover equation to solve for the necessary sales level. The new sales level will be: Total asset turnover = Sales / Total assets. 2.75 = Sales / $6,000,000. Sales = $16,500,000 23. To find the ROE, we need the ... ................
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