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).)

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 10P
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Financial Accounting problem

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).)
Transcribed Image Text: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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