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Face Mask Company has a Total Sales of P100,000,000. Its total assets is 50,000,000 and a profit margin of 2%. What is the ROE if the equity multiplier is 2.0?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 6P

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Face Mask Company has a Total Sales of P100,000,000. Its total assets is 50,000,000 and a profit margin of 2%. What is the ROE if the equity multiplier is 2.0?

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