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Jennings Lumber has total sales of $629,000, total equity of $399,000, and total assets of $725,000. What is the return on equity if the firm's
Jennings Lumber has total sales of $629,000, total equity of $399,000, and total assets of $725,000. What is the return on equity if the firm's profit margin is 6.8 percent?
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
9th Edition
0134519264, 9780134519265
