Multiple Choice
A firm has ROE of 5.5% and an asset turnover ratio of 1.2.If the firm has 10 dollars in assets per dollar of equity,what is the firm's net profit margin?
A) 1.2%
B) 0.66%
C) 5.5%
D) 6.6%
E) 0.46%
Correct Answer:
Verified
Correct Answer:
Verified
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