A firm has a profit margin of 5% and an equity multiplier of 2.1. Its sales are $400 million, and it has total assets of $120 million. What is its ROE?
A firm has a profit margin of 5% and an equity multiplier of 2.1. Its sales are $400 million, and it has total assets of $120 million. 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 5P: Needham Pharmaceuticals has a profit margin of 3% and an equity multiplier of 2.0. Its sales are...
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What is its roe?
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