If Rogers, Inc. has an equity multiplier of 1.43, a total asset turnover of 1.87, and a profit margin of 6.05 percent, what is its ROE?

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 accounting question?

If Rogers, Inc. has an equity multiplier of 1.43, a total asset
turnover of 1.87, and a profit margin of 6.05 percent, what
is its ROE?
Transcribed Image Text:If Rogers, Inc. has an equity multiplier of 1.43, a total asset turnover of 1.87, and a profit margin of 6.05 percent, what is its ROE?
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