Financial Accounting
Financial Accounting
15th Edition
ISBN: 9781337272124
Author: Carl Warren, James M. Reeve, Jonathan Duchac
Publisher: Cengage Learning
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Question

company's Account ROE is?

Summit Ltd. has a net profit margin of 4.6%, a total asset turnover of 1.15, and a total assets to equity ratio of 2.1. Determine the company's return on equity (ROE).
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Transcribed Image Text:Summit Ltd. has a net profit margin of 4.6%, a total asset turnover of 1.15, and a total assets to equity ratio of 2.1. Determine the company's return on equity (ROE).
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