A company named Everest Dynamics has a profit margin of 6% and an equity multiplier of 2.0. Its total sales are $400 million, and it has total assets of $160 million. What is its ROE?

Intermediate Financial Management (MindTap Course List)
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ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
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Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 5P: Needham Pharmaceuticals has a profit margin of 3% and an equity multiplier of 2.0. Its sales are...
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What is its ROE on these financial accounting question?

A company named Everest Dynamics has a profit
margin of 6% and an equity multiplier of 2.0. Its
total sales are $400 million, and it has total assets
of $160 million. What is its ROE?
Transcribed Image Text:A company named Everest Dynamics has a profit margin of 6% and an equity multiplier of 2.0. Its total sales are $400 million, and it has total assets of $160 million. What is its ROE?
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