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3.) Assume you have the following financial data for Company M for last year. 1 point - Sales - $10.6 billion Net Income - $555
3.) Assume you have the following financial data for Company M for last year. 1 point - Sales - $10.6 billion Net Income - $555 million Total Assets = $6 billion Shareholder's Equity = $3.6 billion = = a. Calculate Company M's Return on Equity (ROE) for last year using the du Pont equation from class. + b. Calculate Company M's Return on Equity (ROE) for last year using the du Pont equation (from class) assuming Shareholder's Equity is $1.5 billion instead of $3.6 billion. How has the company more than doubled it's ROE
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