Anima Enterprises has an equity multiplier of 1.75, a total asset turnover of 0.95, and a profit margin of 8.2%. What is its ROE?

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 its ROE on these financial accounting question?

Anima Enterprises has an equity multiplier of 1.75, a total asset
turnover of 0.95, and a profit margin of 8.2%.
What is its ROE?
Transcribed Image Text:Anima Enterprises has an equity multiplier of 1.75, a total asset turnover of 0.95, and a profit margin of 8.2%. What is its ROE?
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