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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 Averaged collection period Accounts receivables Total assets Total debt to total assets ratio 4.2% 62 days 250,000 $3,000,000 0.80 Round your final answer to two decimal places of percentage. (Hint: Use the DuPont system.) 10.30% 10.24% 10.27% 10.33% 10.36%
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