Q292
Profit margin multiply assets turnover multiply equity multiplier is used to calculate
A.
return on turnover
B.
return on stock
C.
return on assets
D.
return on equity
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Profit margin multiply assets turnover multiply equity multiplier is used to calculate return on equity. Return on equity (ROE) is a measure of financial performance calculated by dividing net income by shareholders' equity.