"Financial Report":Return on equity
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Questions 1:
An analyst has calculated the following ratios for a company:
The company’s return on equity (ROE) is closest to:
A、 22.7%.
B 、4.8%.
C 、15.2%.
Questions 2:
The following financial data are available for a company:
The company’s sustainable growth rate is closest to:
A、 4.40%.
B、 4.78%.
C、 4.00%.
C is correct. Using DuPont analysis, there are two ways to calculate ROE from the information provided:
A is incorrect. It uses Operating profit margin × Asset turnover × Financial leverage = 17.5 × 0.89 × 1.46 = 22.7 B is incorrect. It uses Net profit margin × Asset turnover × Debt to equity = 11.7 × 0.89 × 0.46 = 4.8%.
A is correct. Sustainable growth rate = Retention ratio (b) × Return on equity (ROE)
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