If Muenster, Inc., has an equity multiplier of 1.5, total asset turnover of 1.7, and a profit margin of 6 percent, what is its ROE? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
ROE= equity multiplier* total asset turnover*profit margin
=1.5*1.7*6
which is equal to
=15.3%
If Muenster, Inc., has an equity multiplier of 1.5, total asset turnover of 1.7, and a...
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