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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A firm has a profit margin of 5% and an equity multiplier of 2.2. Its sales are $310 million, and it has total assets of $124 million. What is its ROE?
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Transcribed Image Text:A firm has a profit margin of 5% and an equity multiplier of 2.2. Its sales are $310 million, and it has total assets of $124 million. What is its ROE?
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