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If Wilkinson, Inc., has an equity multiplier of 1.51, total asset turnover of 1.3, and a profit margin of 6.1 percent, what is its ROE? A. 11.89 B. 11.82 C. 11.97 D. 11.65

If Wilkinson, Inc., has an equity multiplier of 1.51, total asset turnover of 1.3, and a profit margin of 6.1 percent, what is its ROE? A. 11.89 B. 11.82 C. 11.97 D. 11.65

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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If Wilkinson, Inc., has an equity multiplier of 1.51, total asset turnover of 1.3, and a profit margin of 6.1 percent, what is its ROE? A. 11.89 B. 11.82 C. 11.97 D. 11.65
Transcribed Image Text:If Wilkinson, Inc., has an equity multiplier of 1.51, total asset turnover of 1.3, and a profit margin of 6.1 percent, what is its ROE? A. 11.89 B. 11.82 C. 11.97 D. 11.65
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