A company has a profit margin of 3.8% and an equity multiplier of 2.2. Its sales are $420 million, and it has total assets of $210 million. What is its ROE (Return on Equity)?
A company has a profit margin of 3.8% and an equity multiplier of 2.2. Its sales are $420 million, and it has total assets of $210 million. What is its ROE (Return on Equity)?
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 6P
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Transcribed Image Text:A company has a profit margin of 3.8% and an equity multiplier of 2.2. Its
sales are $420 million, and it has total assets of $210 million. What is its ROE
(Return on Equity)?
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