Multiple Choice
High Mountain Foods has an equity multiplier of 1.72, a total asset turnover of 1.16, and a profit margin of 4.5 percent. What is the return on assets?
A) 6.94 percent
B) 8.98 percent
C) 2.00 percent
D) 7.74 percent
E) 5.22 percent
Correct Answer:
Verified
Correct Answer:
Verified
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