firm has a profit margin of 28.12, return on assets of 31.2 and a lebt to equity ratio of 1.216. What is the firm's return on equity ROE)? 19.44% None of these options are correct O 10.67% O69.14%

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
10th Edition
ISBN:9781337902571
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter4: Analysis Of Financial Statements
Section: Chapter Questions
Problem 17P: CONCEPTUAL: RETURN ON EQUITY Which of the following statements is most correct? (Hint: Work Problem...
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Question 32
A firm has a profit margin of 28.12, return on assets of 31.2 and a
debt to equity ratio of 1.216. What is the firm's return on equity
(ROE)?
19.44%
O None of these options are correct
O 10.67%
O 69.14%
O 0.84%
Transcribed Image Text:Question 32 A firm has a profit margin of 28.12, return on assets of 31.2 and a debt to equity ratio of 1.216. What is the firm's return on equity (ROE)? 19.44% O None of these options are correct O 10.67% O 69.14% O 0.84%
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