G-Phone Technologies, Inc. has an equity multiplier of 1.58, total asset turnover of 1.63, and a profit margin of 9 percent. What is the company's ROE? (Do not round intermediate calculations. Enter your answer as a percent rounded to two decimal places (e.g., 32.16).)

G-Phone Technologies, Inc. has an equity multiplier of 1.58, total asset turnover of 1.63, and a profit margin of 9 percent. What is the company's ROE? (Do not round intermediate calculations. Enter your answer as a percent rounded to two decimal places (e.g., 32.16).)

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 7P: Ace Industries has current assets equal to 3 million. The companys current ratio is 1.5, and its...

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Question

FINANCIAL ACCOUNTING 2

G-Phone Technologies, Inc. has an
equity multiplier of 1.58, total asset
turnover of 1.63, and a profit margin of
9 percent. What is the company's
ROE? (Do not round intermediate
calculations. Enter your answer as a
percent rounded to two decimal places
(e.g., 32.16).)

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