Question
A firm has a profit margin of 7.5% and an equity multiplier of 2.5. Its sales are $500 million, and it has total assets of
A firm has a profit margin of 7.5% and an equity multiplier of 2.5. Its sales are $500 million, and it has total assets of $300 million. What is its ROE? Do not round intermediate calculations. Round your answer to two decimal places
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Rich Dads Increase Your Financial IQ Get Smarter With Your Money
Authors: Robert T. Kiyosaki
1st Edition
1612680658, 978-1612680651
