Multiple Choice
High Mountain Foods has an equity multiplier of 1.55,a total asset turnover of 1.3,and a profit margin of 7.5 percent.What is the return on equity?
A) 8.94 percent
B) 10.87 percent
C) 12.69 percent
D) 14.38 percent
E) 15.11 percent
Correct Answer:
Verified
Correct Answer:
Verified
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