Given the following information, determinethe Return on Equity (ROE)and the driver for the higher ROE of GreenvaleHospital
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Question:
Given the following information, determinethe Return on Equity (ROE)and the driver for the higher ROE of GreenvaleHospital relative to the industry.
Greenvale Hospital
Net Income$110,000,000
Revenues$950,000,000
Assets$4,500,000,000
Equity$1,500,000,000
Industry Statistics:
Total Margin = 15%
Total Asset Turnover = 21%
Equity Multiplier = 2
Industry ROE = 6.3%
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