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Wyatt Oil Has a Net Profit Margin of 4

Question 89

Multiple Choice

Wyatt Oil has a net profit margin of 4.0%,a total asset turnover of 2.2,total assets of $525 million,and a book value of equity of $220 million.Wyatt Oil's current return-on-equity (ROE) is closest to:


A) 8.8%.
B) 9.5%.
C) 21.0%.
D) 22.8%.

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