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Fairview Medical Group has total equity of $925,400, sales of $1.62 million, and a profit margin of 4.8 percent. What is the Return on Equity (ROE)?

Fairview Medical Group has total equity of $925,400, sales of $1.62 million, and a profit margin of 4.8 percent. What is the 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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Fairview Medical Group has total equity of $925,400, sales of $1.62 million, and a profit margin of 4.8 percent. What is the Return on Equity (ROE)?
Transcribed Image Text:Fairview Medical Group has total equity of $925,400, sales of $1.62 million, and a profit margin of 4.8 percent. What is the Return on Equity (ROE)?
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