Lemmon enterprises has a total asset turnover of 24 and a


Lemmon Enterprises has a total asset turnover of 2.4 and a net profit margin of 7.4%. If its equity multiplier is 1.30, what is the ROE for Lemmon Enterprises? (Round answer to 2 decimal places, e.g. 12.25%.)

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Business Management: Lemmon enterprises has a total asset turnover of 24 and a
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