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The Jamestown Group has equity of $421,000, sales of $792,000, and a profit margin of 6 percent. What is the return on equity? a. 8.87 percent b. 6.19 percent c. 11.29 percent d. 10.27 percent e. 9.37 percent

The Jamestown Group has equity of $421,000, sales of $792,000, and a profit margin of 6 percent. What is the return on equity? a. 8.87 percent b. 6.19 percent c. 11.29 percent d. 10.27 percent e. 9.37 percent

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 33MCQ: Selected information for Berry Company is as follows: Berrys return on equity rounded to the nearest...
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The Jamestown Group has equity of $421,000, sales of $792,000, and a profit margin of 6 percent. What is the return on equity? a. 8.87 percent b. 6.19 percent c. 11.29 percent d. 10.27 percent e. 9.37 percent
Transcribed Image Text:The Jamestown Group has equity of $421,000, sales of $792,000, and a profit margin of 6 percent. What is the return on equity? a. 8.87 percent b. 6.19 percent c. 11.29 percent d. 10.27 percent e. 9.37 percent
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