ABC Company sells all its merchandise on credit. Given the following information, what is the company's ROE?  Use 365 days for a year.                               Profit margin                                         5.8%                               Averaged collection period                 53 days                               Accounts receivables                         250,000                               Total assets                                    $3,000,000                               Total debt to total assets ratio             0.72 Round your final answer to two decimal places of percentage. (Hint: Use the DuPont system.) Group of answer choices: 11.91% 11.89% 11.97% 11.95% 11.93%

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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ABC Company sells all its merchandise on credit. Given the following information, what is the company's ROE?  Use 365 days for a year.

                              Profit margin                                         5.8%
                              Averaged collection period                 53 days
                              Accounts receivables                         250,000
                              Total assets                                    $3,000,000
                              Total debt to total assets ratio             0.72

Round your final answer to two decimal places of percentage. (Hint: Use the DuPont system.)

Group of answer choices:
11.91%
11.89%
11.97%
11.95%
11.93%
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