Question
A firm has a profit margin of 3.5% and an equity multiplier of 1.3. Its sales are $430 million, and it has total assets of
A firm has a profit margin of 3.5% and an equity multiplier of 1.3. Its sales are $430 million, and it has total assets of $215 million. What is its ROE? Do not round intermediate calculations. Round your answer to two decimal places.
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Handbook Of Asset And Liability Management Volume 2
Authors: S. A. Zenios, W. T. Ziemba
1st Edition
0444528024, 978-0444528025
