Question
Assume jPhone, Inc., has an equity multiplier of 1.42, total asset turnover of 1.71, and a profit margin of 9 percent. Required: What is its
Assume jPhone, Inc., has an equity multiplier of 1.42, total asset turnover of 1.71, and a profit margin of 9 percent.
| Required: | |
| What is its ROE? (Do not include the percent sign (%). Round your answer to 2 decimal places (e.g., 32.16).) |
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Rich Dads Increase Your Financial IQ Get Smarter With Your Money
Authors: Robert T. Kiyosaki
1st Edition
1612680658, 978-1612680651
