Atlas Industries has a profit margin of 6.8%, total asset turnover of 1.9, and a debt-to-equity ratio of 0.75. What is this firm's Return on Equity (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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Atlas Industries has a profit margin of 6.8%, total
asset turnover of 1.9, and a debt-to-equity ratio of
0.75. What is this firm's Return on Equity (ROE)?
Transcribed Image Text:Atlas Industries has a profit margin of 6.8%, total asset turnover of 1.9, and a debt-to-equity ratio of 0.75. What is this firm's Return on Equity (ROE)?
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