Triangular Chemicals has total assets of $ 110 million, a return on equity of 39 percent, a net profit margin of 4.8 percent, and an equity multiplier of 2.96. How much are the firm's sales?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
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Triangular Chemicals has total assets of $ 110 million, a return on equity of 39 percent, a net profit margin of 4.8 percent, and an equity multiplier of 2.96. How much are the firm's sales?
Transcribed Image Text:Triangular Chemicals has total assets of $ 110 million, a return on equity of 39 percent, a net profit margin of 4.8 percent, and an equity multiplier of 2.96. How much are the firm's sales?
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