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ABC Company sells all its merchandise on credit. Given the following information, what is the company's ROE? Use 365 days for a year. Profit margin
ABC Company sells all its merchandise on credit. Given the following information, what is the company's ROE? Use 365 days for a year. Profit margin 5.8% Averaged collection period 64 days Accounts receivables 250,000 Total assets $3,000,000 Total debt to total assets ratio 0.73 Round your final answer to two decimal places of percentage. (Hint: Use the DuPont system.) Group of answer choices 10.21% 10.16% 10.19% 10.25% 10.23%
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