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If a company has debt/equity ratio of 0.75, total asset turnover of 1.30, and a profit margin of 8.5%, what is its return on equity,
If a company has debt/equity ratio of 0.75, total asset turnover of 1.30, and a profit margin of 8.5%, what is its return on equity, ROE? You recall that debt/equity ratio and the equity multiplier have a mathematical relationship. a. 24.57% b. 19.34% c. 16.51% d. 8.50%
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