Phone, Inc, has an equity multiplier of 136, total asset turnover of 165, and a profit margin of 8 percent What is the company's ROE? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, eg. 32.16)

Phone, Inc, has an equity multiplier of 136, total asset turnover of 165, and a profit margin of 8 percent What is the company's ROE? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, eg. 32.16)

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Phone, Inc., has an equity multiplier of 1.36, total asset turnover of 165, and a profit
margin of 8 percent.
What is the company's ROE? (Do not round intermediate calculations and enter your
answer as a percent rounded to 2 decimal places, e.g., 32.16.)
RO

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