rick50001 rick50001

28-02-2024
Business

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A firm has a profit margin of 3 and an equity multiplier of 1.9. Its sales are 1,000,000, and it has total assets of 800,000. What is its ROE?

a) 5.7%
b) 11.4%
c) 14.25%
d) 17.1%

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