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Burger Corp has total assets of 767 mil. euro, and finance them with equity (zero debt). Its sales for the last year were 1652 mil.
Burger Corp has total assets of 767 mil. euro, and finance them with equity (zero debt). Its sales for the last year were 1652 mil. euro, and its net income after taxes was 62 mil. euro. Stockholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 19%. What net profit margin would Burger need in order to achieve the 19% ROE, holding everything else constant?
The percentage result will be expressed as number rounded with four decimals (eg: 23.25% will be written 0.2325)
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