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A firm has a profit margin of 3 percent and an equity multiplier of 2. Its sales are $155 million and it has total assets
A firm has a profit margin of 3 percent and an equity multiplier of 2. Its sales are $155 million and it has total assets of $55 million. What is its return on equity (ROE)?
| a. | 4.23% | |
| b. | 8.45% | |
| c. | 2.13% | |
| d. | 27.05% | |
| e. | 16.91% |
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N Hyman
10th Edition
053875446X, 978-0538754460
