答案和详解如下： 6.If a firm has a profit margin of 0.05, an asset turnover of 1.465, and an equity multiplier of 1.66, what is the firm's ROE? A) 3.18%. B) 5.66%. C) 5.87%. D) 12.16%. The correct answer was D) One of the many ways to express ROE = profit margin * asset turnover * equity multiplier = ROE = (0.05)(1.465)(1.66) = 0.1216
7.What is a company’s equity if their return on equity (ROE) is 12 percent, and their net income is 10 million? A) 1,200,000. B) 83,333,333. C) 12,000,000. D) 120,000,000. The correct answer was B) One of the many ways ROE can be expressed is: ROE = Net Income/Equity 0.12 = $10,000,000/Equity Equity = $10,000,000/0.12 = $83,333,333
8.Given the following information about a firm what is its return on equity (ROE)? §
An asset turnover of 1.2 §
An after tax profit margin of 10% §
A financial leverage multiplier of 1.5 A) 0.09. B) 0.18. C) 0.12. D) 0.10. The correct answer was B) ROE = (EAT/S)(S/A)(A/EQ)
ROE = (.1)(1.2)(1.5) = .18
9.Summit Co. has provided the following information for its most recent reporting period:
| Beginning Figures | Ending Figures | Average Figures | Sales | | $ 5,000,000 | | EBIT | | $ 800,000 | | Interest Expense | | $ 160,000 | | Taxes | | $ 256,000 | | Assets | $ 3,500,000 | $ 4,000,000 | $ 3,750,000 | Equity | $ 1,700,000 | $ 2,000,000 | $ 1,850,000 |
What is Summit Co.’s total asset turnover and return on equity?
| Total Asset Turnover | Return on Equity |
A) 1.25 20.8% B) 1.33 20.8% C) 1.25 15.8% D) 1.33 15.8% The correct answer was B) Total asset turnover = sales/average assets = 5,000,000/3,750,000 = 1.33 Return on equity = net income/average equity
Net income = EBIT - interest - taxes
= 800,000 - 160,000 - 256,000 = 384,000
ROE = 384,000/1,850,000 = 20.8% | 
发表于 2008-5-15 10:42
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