do fast answer of this General accounting question If a company's net profit margin is 4.2%, its total assetturnover is 2.1 times, and its debt ratio is 35%, itsreturn on equity is:a. 8.82%b. 13.57%c. 10.29%d. 6.58%e. 11.49%

Step 1: Define Return on Equity (ROE)Return on Equity (ROE) measures a company's profitability…

Answered: If a company's net profit margin is…

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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If a company's net profit margin is 4.2%, its total asset turnover is 2.1 times, and its debt ratio is 35%, its return on equity is: a. 8.82% b. 13.57% c. 10.29% d. 6.58% e. 11.49%