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FINANCIAL ACCOUNTING: TOOLS LL W/ ACCES
9th Edition
ISBN: 9781119493648
Author: Kimmel
Publisher: WILEY
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Kim Manufacturing has a net profit margin of 6.2% on sales of $62.4 million. It has a book value of equity of $45.8 million and total book liabilities of $38.6 million. What is Kim Manufacturing's Return on Equity (ROE) and Return on Assets (ROA)?Answer
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