Homework Help is Here – Start Your Trial Now!
Business
Accounting
A firm has a profit margin of 4.5% and an equity multiplier of 2.8. Its sales are $550 million, and it has total assets of $275 million. What is its ROE (Return on Equity)?

A firm has a profit margin of 4.5% and an equity multiplier of 2.8. Its sales are $550 million, and it has total assets of $275 million. What is its ROE (Return on Equity)?

Intermediate Financial Management (MindTap Course List)
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
See similar textbooks
icon
Related questions
Question

What is its ROE

A firm has a profit margin of 4.5% and an equity multiplier of 2.8. Its sales are $550 million, and it has total assets of $275 million. What is its ROE (Return on Equity)?
Transcribed Image Text:A firm has a profit margin of 4.5% and an equity multiplier of 2.8. Its sales are $550 million, and it has total assets of $275 million. What is its ROE (Return on Equity)?
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer