A firm has a profit margin of 4 and an equity multiplier of


Question: A firm has a profit margin of 4% and an equity multiplier of 2.7. Its sales are $50 million, and it has total assets of $30 million. What is its ROE? Do not round intermediate calculations. Round your answer to two decimal places.

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Accounting Basics: A firm has a profit margin of 4 and an equity multiplier of
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