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A firm has the following financial metrics: Profit Margin = 5.2% Equity Multiplier = 2.8 Sales $500 million Total Assets = $200 million What is its Return on Equity (ROE)? (Round to two decimal places)

A firm has the following financial metrics: Profit Margin = 5.2% Equity Multiplier = 2.8 Sales $500 million Total Assets = $200 million What is its Return on Equity (ROE)? (Round to two decimal places)

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
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What is the return on equity of this financial accounting question?

A firm has the following financial metrics: Profit Margin = 5.2% Equity Multiplier = 2.8 Sales $500 million Total Assets = $200 million What is its Return on Equity (ROE)? (Round to two decimal places)
Transcribed Image Text:A firm has the following financial metrics: Profit Margin = 5.2% Equity Multiplier = 2.8 Sales $500 million Total Assets = $200 million What is its Return on Equity (ROE)? (Round to two decimal places)
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