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What is al hammad return on assets

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Reference no: EM131626049

Question: The Al Hammad Company has total assets of QR18 million (Qatari riyal), an asset turnover of 1.35 times, and a net profit of 16% on sales.

a. What is Al Hammad's return on assets?

b. Find Al Hammad's ROE, given that 30% of the assets are financed with stockholders' equity.

Reference no: EM131626049

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