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Let's take a look at Sally's Retailers and Joe's Retailers. Both of these companies operate in the same apparel industry. Given the following ratios, calculate
Let's take a look at Sally's Retailers and Joe's Retailers. Both of these companies operate in the same apparel industry. Given the following ratios, calculate the ROEs of both companies. Ratio Sally Joe Profit Margin 30% 15% Total Asset Turnover 0.5 6.0 Financial Leverage 3.0 1.5 The ROE of Sally's is The ROE of Joe's is Round the ratios to the 2nd decimal place
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