Abc had a net profit margin net income sales of 22 percent


ABC had a net profit margin (net income / sales) of 2.2 percent, a total assets turnover (Sales / Assets) of 1.7, and an equity multiplier (Assets / Equity) of 7.2. Given this information, what was the firm's ROE?

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Financial Management: Abc had a net profit margin net income sales of 22 percent
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