Question
It is widely known that grocery chains have low profit marginson average they earn about 1 percent on sales. How would you explain the fact
It is widely known that grocery chains have low profit marginson average they earn about 1 percent on sales. How would you explain the fact that their ROE is about 12 percent? Does this seem logical?
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Investment Analysis and Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
10th Edition
538482109, 1133711774, 538482389, 9780538482103, 9781133711773, 978-0538482387
