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11 Oct 2018
Quixote Industries currently has $6 million in debt for every $10 million in equity. Assume the firm uses some of its cash to decrease its debt while maintaining its current equity and net income. Which of the following will not change as a result of this action? -equity multiplier and return on assets -total asset turnover and return on equity -return on assets and total asset turnover -profit margin and return on equity -equity multiplier and profit margin
Quixote Industries currently has $6 million in debt for every $10 million in equity. Assume the firm uses some of its cash to decrease its debt while maintaining its current equity and net income. Which of the following will not change as a result of this action? -equity multiplier and return on assets -total asset turnover and return on equity -return on assets and total asset turnover -profit margin and return on equity -equity multiplier and profit margin
Jamar FerryLv2
11 Oct 2018
