Wellington Corporation has total assets of $50,000. It has a profit margin of 6.2 percent on sales of $120,000. If the equity multiplier is 1.8, what is its ROE?
Wellington Corporation has total assets of $50,000. It has a profit margin of 6.2 percent on sales of $120,000. If the equity multiplier is 1.8, what is its 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
Question
What is its ROE on these financial accounting question?
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