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The Blue Lagoon Has a Return on Equity of 18

Question 49

Multiple Choice

The Blue Lagoon has a return on equity of 18.9 percent,an equity multiplier of 1.9,and a total asset turnover of 1.45.What is the profit margin?

A) 2.76 percent
B) 3.57 percent
C) 4.90 percent
D) 6.85 percent
E) 14.60 percent

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