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5. If Wing Air, Inc. has an equity multiplier of 1.74, total asset turnover of 1.74, and a profit margin of 6.1 percent, what is
5. If Wing Air, Inc. has an equity multiplier of 1.74, total asset turnover of 1.74, and a profit margin of 6.1 percent, what is its ROE?
| Input area: | |||
| Equity multiplier | 1.74 | ||
| Total asset turnover | 1.74 | ||
| Profit margin | 6.10% | ||
| Output area: | |||
| ***Return on equity = ? | |||
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Understanding financial statements
Authors: Lyn M. Fraser, Aileen Ormiston
9th Edition
136086241, 978-0136086246
