Toronto Skaters Company Earned a Net Profit Margin of 6

question 39

Multiple Choice

Toronto Skaters Company earned a net profit margin of 6% in 2015.Their turnover ratio is 5 and the firm had a leverage ratio of 3.The return on equity earned by Toronto Skaters in 2015 is:

• A) 0.90%
• B) 9%
• C) 10%
• D) 90%

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Definitions:

Purity

The condition of being free from contaminants or pollutants; often used metaphorically to signify moral or ethical cleanliness.

Amplitude

The height or strength of a wave signal, often used in reference to sound or electromagnetic waves.

Panache

Distinctive and flamboyant flair or style.

Relative Size

A monocular cue for perception that allows us to determine how close objects are to an object of known size.