If Roten Rooters, Inc., has an equity multiplier of 1.44, total asset turnover of 1.29, and a profit margin of 10.50 percent. What is its ROE?
ROE=profit margin*total asset turnover*equity multiplier
=10.5*1.44*1.29
which is equal to
=19.5048%
If Roten Rooters, Inc., has an equity multiplier of 1.44, total asset turnover of 1.29, and...
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