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If Brighton Manufacturing, Inc. has an equity multiplier of 1.45, a total asset turnover of 1.28, and a profit margin of 6.80%, what is its ROE (Return on Equity)? a. 12.62% b. 11.99% c. 10.98% d. -4.21%

If Brighton Manufacturing, Inc. has an equity multiplier of 1.45, a total asset turnover of 1.28, and a profit margin of 6.80%, what is its ROE (Return on Equity)? a. 12.62% b. 11.99% c. 10.98% d. -4.21%

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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What is its ROE on these financial accounting question?

If Brighton Manufacturing, Inc. has an equity multiplier of 1.45, a total asset turnover of 1.28, and a profit margin of 6.80%, what is its ROE (Return on Equity)? a. 12.62% b. 11.99% c. 10.98% d. -4.21%
Transcribed Image Text:If Brighton Manufacturing, Inc. has an equity multiplier of 1.45, a total asset turnover of 1.28, and a profit margin of 6.80%, what is its ROE (Return on Equity)? a. 12.62% b. 11.99% c. 10.98% d. -4.21%
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