Question
A firm has a profit margin of 5.5% and an equity multiplier of 2.0. Its sales are $500 million, and it has total assets of
A firm has a profit margin of 5.5% and an equity multiplier of 2.0. Its sales are $500 million, and it has total assets of $250 million. What is its ROE? Do not round intermediate calculations. Round your answer to two decimal places.
%
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Financial Services Sales Handbook A Professionals Guide To Becoming A Top Producer
Authors: Clifton T. Warren
1st Edition
1631574930, 978-1631574931
