Multiple Choice
A firm has ROE of 15% and a net profit margin of 4.5%.If the firm has 6.5 dollars in assets per dollar of equity,what is the firm's asset turnover ratio?
A) 0.5
B) 2
C) 1
D) 1.5
E) 2.5
Correct Answer:
Verified
Correct Answer:
Verified
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