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Frederico's Has a Proﬁt Margin of 6 %, a Return

Question 314

Multiple Choice

Frederico's has a proﬁt margin of 6 %, a return on assets of 8 %, and an equity multiplier of 1.4. What is the return on equity?

A) 6.7 %
B) 8.4 %
C) 11.2 %
D) 14.6 %
E) 19.6 %

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