Question
If Muenster, Inc., has an equity multiplier of 1.51, total asset turnover of 1.3, and a profit margin of 6.1 percent, what is its ROE?
| If Muenster, Inc., has an equity multiplier of 1.51, total asset turnover of 1.3, and a profit margin of 6.1 percent, what is its ROE? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
ROE:
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Personal Finance Version 3.1
Authors: Rachel S. Siegel
3rd Edition
1453334807, 978-1453334805
