Doublewide Dealers has an ROA of 10%, a 2% profit margin, and an ROE of
15%. What is its total assets turnover? What is its equity multiplier?

$484

$211

$52

$645

$158

Referring to the given data, the CEO of WQY Inc. wrote, "2008was a good year for the firm with respect to our ability to meetour short-term obligations. We had higher liquidity largely due toan increase in highly liquid current assets (cash, accountreceivables, and short-term marketable securities)."

Do you think the CEO is correct in making this statement?Explain your stand and use only the given data for youranalysis.

Submission Requirements:

Submit the completed assessment as a Word document.

According to the Dupont formula, two factors affect the rate earned on total assets and they are profit margin and investment turnover. True or False?