Question
A firm has a profit margin of 6.5% and an equity multiplier of 1.7. Its sales are $270 million, and it has total assets of
A firm has a profit margin of 6.5% and an equity multiplier of 1.7. Its sales are $270 million, and it has total assets of $135 million. What is its ROE? Do not round intermediate calculations. Round your answer to two decimal places.________%
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How Finance Works
Authors: Mihir Desai
1st Edition
1633696707, 978-1633696709
