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The Jimmy Golf Company is a chain of golf shops. Its profit margin for 2020 is 8% (0.08); its total assets turnover ratio is
The Jimmy Golf Company is a chain of golf shops. Its profit margin for 2020 is 8% (0.08); its total assets turnover ratio is 1.0; and its equity multiplier is 1.5. What is its return on common equity (ROE) based on the Dupont equation?
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Finance for Non Financial Managers
Authors: Pierre Bergeron
7th edition
176530835, 978-0176530839
