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18 Use the following information on a firm to estimate its ROE: Net Profit Margin (NPM) =16.45%, Total Asset Turnover Ratio (TAT) =1.536, Total Debt
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Use the following information on a firm to estimate its ROE: Net Profit Margin (NPM) =16.45%, Total Asset Turnover Ratio (TAT) =1.536, Total Debt to Equity (D/E)=1.13. [Hint: Use the ROE Model: ROE=NPMATO(1+D/E)] 17.36% 32.72% 25.27% 53.82% 28.55% Step by Step Solution
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