If Windemere Legal has an equity multiplier of 1.60, total asset turnover of 1.32, and a profit

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If Windemere Legal has an equity multiplier of 1.60, total asset turnover of 1.32, and a profit margin of 8 percent, what is its ROE?

Asset Turnover
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.
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Essentials Of Corporate Finance

ISBN: 9780073405131

6th Edition

Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan

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