pts: Average: / 1 oblem 4.06 (DuPONT and ROE) eBook has a profit margin of 5% and an equity multiplier of 2.8. Its sales are $250 million, and it has total assets of $75 million. What is its ROE? Do not round intermediate calculations. Round answer to two decimal places. %

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter2: Analysis Of Financial Statements
Section: Chapter Questions
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7. Problem 4.06 (DUPONT and ROE)
eBook
A firm has a profit margin of 5% and an equity multiplier of 2.8. Its sales are $250 million, and it has total assets of $75 million. What is its ROE? Do not round intermediate calculations. Round
your answer to two decimal places.
%
Transcribed Image Text:Attempts: Average: / 1 7. Problem 4.06 (DUPONT and ROE) eBook A firm has a profit margin of 5% and an equity multiplier of 2.8. Its sales are $250 million, and it has total assets of $75 million. What is its ROE? Do not round intermediate calculations. Round your answer to two decimal places. %
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