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Assume company X has a net profit margin of 0.10, a total asset turnover of 1.60, and total assets of $3.125 million. If the firm
Assume company X has a net profit margin of 0.10, a total asset turnover of 1.60, and total assets of $3.125 million. If the firm had a equity/assets ratio of 0.60 (this is the proportion of total equity out of total assets), what would its ROE be? 0.096 0.267 O 0.104 O 0.200
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