jPhone, Inc., has an equity multiplier of 1.42, total asset turnover of 1.71, and a profit margin of 9 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.) ROE %

jPhone, Inc., has an equity multiplier of 1.42, total asset turnover of 1.71, and a profit margin of 9 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.) ROE %

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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Question

jPhone, Inc., has an equity multiplier of 1.42, total asset turnover of 1.71, and a profit
margin of 9 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.)
ROE
%

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