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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 5.1% Averaged collection period 58 days Accounts receivables 250,000 Total assets $3,000,000 Total debt to total assets ratio 0.75 Round your final answer to two decimal places of percentage. (Hint: Use the DuPont system.) Group of answer choices
10.64%
10.61%
10.70%
10.73%
10.67%
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