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John wick Company has total assets of $162,000. It has a profit margin of 6.5 percent on sales of $230,000. If the equity multiplier is 2.5, what is its ROE?

John wick Company has total assets of $162,000. It has a profit margin of 6.5 percent on sales of $230,000. If the equity multiplier is 2.5, what is its ROE?

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter16: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 29E
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What is its ROE

John wick Company has total assets of $162,000. It has a profit margin of 6.5 percent on sales of $230,000. If the equity multiplier is 2.5, what is its ROE?
Transcribed Image Text:John wick Company has total assets of $162,000. It has a profit margin of 6.5 percent on sales of $230,000. If the equity multiplier is 2.5, what is its ROE?
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