My Firm has the following ratios: Profit Margin is 6% (0.06) Total Asset Turnover is 3 times
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Question:
My Firm has the following ratios: Profit Margin is 6% (0.06) Total Asset Turnover is 3 times The Equity Multiplier is 1.5 times. Based on these figures, what is my firm's RETURN ON EQUITY? (hint: Think "DuPont")
A. 6%
B. 9%
C. 13.33%
D. 18%
E. 27%
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