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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Give correct roe for this accounting question

Southwick Company has total assets of
$40,000. It has a profit margin of 5.5 percent
on sales of $100,000. If the equity multiplier is
1.5, what is its ROE?
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Transcribed Image Text:Southwick Company has total assets of $40,000. It has a profit margin of 5.5 percent on sales of $100,000. If the equity multiplier is 1.5, what is its ROE?
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Intermediate Financial Management (MindTap Course...
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ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Cengage Learning