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Problem 3 - 7 DuPont Identity [ LO 3 ] If Marin, Incorporated, has an equity multiplier of 1 . 5 0 , total asset

Problem 3-7 DuPont Identity [LO3]
If Marin, Incorporated, has an equity multiplier of 1.50, total asset turnover of 1.70, and a profit margin of 6 percent, what is its ROE? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.
ROE
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