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)
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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