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Delta Electronics has a profit margin of 5% and an equity multiplier of 3. Its sales are $120 million, and it has total assets of $90 million. What is its Return on Equity (ROE)?

Delta Electronics has a profit margin of 5% and an equity multiplier of 3. Its sales are $120 million, and it has total assets of $90 million. What is its Return on Equity (ROE)?

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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Delta Electronics has a profit margin of 5% and an equity multiplier of 3. Its sales are $120 million, and it has total assets of $90 million. What is its Return on Equity (ROE)?
Transcribed Image Text:Delta Electronics has a profit margin of 5% and an equity multiplier of 3. Its sales are $120 million, and it has total assets of $90 million. What is its Return on Equity (ROE)?
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