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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Firm M has a margin of 9%, turnover of 1.6, sales of $800,000, and average stockholders' equity of $360,000. Calculate Firm M's return on equity (ROE).
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Transcribed Image Text:Firm M has a margin of 9%, turnover of 1.6, sales of $800,000, and average stockholders' equity of $360,000. Calculate Firm M's return on equity (ROE).
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