Question
A firm has a profit margin of 7.5% and an equity multiplier of 2.2. Its sales are $50 million, and it has total assets of
A firm has a profit margin of 7.5% and an equity multiplier of 2.2. Its sales are $50 million, and it has total assets of $30 million. What is its ROE? Do not round intermediate calculations. Round your answer to two decimal places.
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The Handbook Of Financial Modeling
Authors: Jack Avon
2nd Edition
1484265394, 978-1484265390
