If Roten Rooters, Inc., has an equity multiplier of 2.46, total asset turnover of 1.63, current ratio of 2.20, and profit margin of 11.6 percent, then its ROE is _______%. Round it to two decimal places.

If Roten Rooters, Inc., has an equity multiplier of 2.46, total asset turnover of 1.63, current ratio of 2.20, and profit margin of 11.6 percent, then its ROE is _______%. Round it to two decimal places.

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 12P: The Kretovich Company had a quick ratio of 1.4, a current ratio of 3.0, a days’ sales outstanding of...

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