Novio the cat incorporated reported sales of 11948700000 in, Financial Management

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Novio the cat incorporated reported sales of 11948700000 in

Novio the Cat Incorporated reported sales of $119,487,000.00 in 2012. The firm had a net profit margin of 3.00% on these sales. The firm also reports $96,000,000 in assets for the year, with shareholder equity measure at $23,223,000.00. What is the return on equity (ROE) for Novio in 2012?

Answer Format: Percentage Round to: 2 decimal places

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Financial Management: Novio the cat incorporated reported sales of 11948700000 in

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Financial Management: Novio the cat incorporated reported sales of 11948700000 in

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