Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN: 9781337395083
Author: Eugene F. Brigham, Phillip R. Daves
Publisher: Cengage Learning
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What is its ROE on these financial Accounting Question? Do not use ai

A firm has a profit margin of 4% and an
equity multiplier of 1.5. Its sales are $250
million, and it has total assets of $75 million.
What is its ROE?
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Transcribed Image Text:A firm has a profit margin of 4% and an equity multiplier of 1.5. Its sales are $250 million, and it has total assets of $75 million. What is its ROE?
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