Multiple Choice
A firm has an asset turnover ratio of 1.6 and a net profit margin of 1.3%.If the firm has 5 dollars in assets per dollar of equity,what is the firm's ROE?
A) 4.1%
B) 6.5%
C) 6.2%
D) 10.4%
E) 1.3%
Correct Answer:
Verified
Correct Answer:
Verified
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