Lame Corporation generated a 1.20 total asset turnover in its total assets of P2,000,000. The firm’s liabilities of P1,800,000. The firm’s net profit margin was 1.3%. What is the firm’s return on equity?

Lame Corporation generated a 1.20 total asset turnover in its total assets of P2,000,000. The firm’s liabilities of P1,800,000. The firm’s net profit margin was 1.3%. What is the firm’s return on equity?

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

Chapter2: Developing The Business Idea

Section: Chapter Questions

Problem 1EP

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