Jefferson Enterprises has an equity multiplier of 1.45, total asset turnover of 1.4, and a profit margin of 5.8 percent. What is its Return on Equity (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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Jefferson Enterprises has an equity multiplier of 1.45,
total asset turnover of 1.4, and a profit margin of 5.8
percent.
What is its Return on Equity (ROE)?
Transcribed Image Text:Jefferson Enterprises has an equity multiplier of 1.45, total asset turnover of 1.4, and a profit margin of 5.8 percent. What is its Return on Equity (ROE)?
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