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Manufacturer A has a Profit Margin of 2.20%, an Asset Turnover of 1.70 and an Equity Multiplier of 5.50. Manufacturer B has a Profit Margin
Manufacturer A has a Profit Margin of 2.20%, an Asset Turnover of 1.70 and an Equity Multiplier of 5.50. Manufacturer B has a Profit Margin of 2.50%, an Asset Turnover of 1.60 and an Equity Multiplier of 4.40. How much Asset Turnover should Manufacturer B have to match its ROE with Manufacturer A's ROE? 2.12 1.87 1.59 1.32 2.58
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