Question
Equitymultiplier is 1.37. Asset turnover is 1.66. Net profit margin is 9 percent. Required: What's ROE? ( Do not round intermediate calculations. Enter your answer
| Equitymultiplier is 1.37. Asset turnover is 1.66. Net profit margin is 9 percent. |
| Required: | |
| What's ROE? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).) ROE ____% |
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk
11th Edition
0324422865, 978-0324422863
