jPhone, Inc., has an equity multiplier of 1.35, total asset turnover of 1.63, and a profit margin of 7 percent.   What is the company's ROE?

Managerial Accounting: The Cornerstone of Business Decision-Making
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Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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jPhone, Inc., has an equity multiplier of 1.35, total asset turnover of 1.63, and a profit margin of 7 percent.

 

What is the company's ROE(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

 
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