A firm has a profit margin of 5% and an equity multiplier of 2.1. Its sales are $400 million, and it has total assets of $120 million. What is its ROE?
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- A firm has a profit margin of 7% and an equity multiplier of 1.3. Its sales are $130 million, and it has total assets of $78 million. What is its ROE? Do not round intermediate calculations. Round your answer to twoNeed answerA firm has a profit margin of 5.5% and an equity multiplier of 3.0. Its sales are $140 million, and it has total assets of $84 million. What is its ROE? Do not round intermediate calculations. Round your answer to two decimal places.
- Martin Tucker Enterprises has total common equity of $645,500, sales of $1.15 million, and a profit margin of 3.6 percent. What is the return on equity? Can the calculator and excel solution be provided?A company has a profit margin of 6.5% and an equity multiplier of 2.8. Its sales are $750 million, and it has total assets of $250 million. What is its ROE?If Rooters, Inc., has an equity multiplier of 1.90, total asset turnover of 1.20, and a profit margin of 8 percent, what is its ROE?