Multiple Choice
Toronto Skaters Company earned a net profit margin of 6% in 2022.Their turnover ratio is 5 and their leverage ratio is 3.The return on equity (ROE) earned by Toronto Skaters in 2022 is:
A) 0.90%
B) 9%
C) 10%
D) 90%
Correct Answer:
Verified
Correct Answer:
Verified
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