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Answer asap please Assume that for every dollar of revenue, all costs are 94 cents, total asset turnover is 1.20, and the equity multiplier is
Answer asap please
Assume that for every dollar of revenue, all costs are 94 cents, total asset turnover is 1.20, and the equity multiplier is 1.50. According to the DuPont system of financial ratio analysis, the ROE would be approximately A. 1% B. 2% C. 11% D. 17%Step by Step Solution
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