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The Furniture Barn Has a Profit Margin of 8

Question 316

Multiple Choice

The Furniture Barn has a profit margin of 8.7 %, a return on assets of 11.6 %, and an equity multiplier of 1.87. What is the return on equity?

A) 17.14 %
B) 19.87 %
C) 20.67 %
D) 21.69 %
E) 24.08 %

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