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Assume company X has a net profit margin of 0.05, a total asset turnover of 1.30, and total assets of $6.923 million. If the firm
Assume company X has a net profit margin of 0.05, a total asset turnover of 1.30, and total assets of $6.923 million. If the firm had a debt/assets ratio of 0.70 (this is the proportion of total liabilities out of total assets), what would its ROE be? 0.128 0.217 0.019 0.100
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