Abc had a net profit margin net income sales of 35 percent, Finance Basics

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Abc had a net profit margin net income sales of 35 percent

Question: ABC had a net profit margin (net income / sales) of 3.5 percent, a total assets turnover (Sales / Assets) of 2.4, and an equity multiplier (Assets / Equity) of 6.2. Given this information, what was the firm's ROE? (Enter your answer in decimal form to three decimal places, which means convert the percentage into decimal form. For example, 12.3% would be entered as 0.123)

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Finance Basics: Abc had a net profit margin net income sales of 35 percent

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Finance Basics: Abc had a net profit margin net income sales of 35 percent

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