Question
If Muenster, Inc., has an equity multiplier of 1.53, total asset turnover of 1.1, and a profit margin of 6.3 percent, what is its ROE?
If Muenster, Inc., has an equity multiplier of 1.53, total asset turnover of 1.1, and a profit margin of 6.3 percent, what is its ROE? Please do not round intermediate calculations and provide the answer as a percent (%) rounded to 2 decimal places.
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Small Business Management Launching and Growing New Ventures
Authors: Justin Longenecker, Leo Donlevy, Terri Champion, William Petty, Leslie Palich, Frank Hoy
6th Canadian edition
176532218, 978-0176532215
