What is the firms return on equity
Problem
Bryley: Inc. earned a net profit margin 4.7 percent last year and had an equity multiplier of 3.38. If its total assets are $91 million and its sales are $145 million: what is the firm's return on equity?
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Bryley: Inc. earned a net profit margin 4.7 percent last year and had an equity multiplier of 3.38. What is the firm's return on equity?
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