Multiple Choice
A firm has a net profit/pretax profit ratio of 0.6, a leverage ratio of 1.5, a pretax profit/EBIT of 0.7, an asset turnover ratio of 4, a current ratio of 2, and a return-on-sales ratio of 6%. Its ROE is ________.
A) 7.56%
B) 15.12%
C) 20.16%
D) 30.24%
Correct Answer:
Verified
Correct Answer:
Verified
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