Assume jPhone, Inc., has an equity multiplier of 1.43, total asset turnover of 1.72, and a profit margin of 10 percent.
| Required: | |
What is its ROE? (Do not include the percent sign (%).Round your answer to 2 decimal places (e.g., 32.16).) |
| ROE | % |
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Assume jPhone, Inc., has an equity multiplier of 1.43, total asset turnover of 1.72, and a profit margin of 10 percent. Required: What is its ROE? (Do not include the percent sign (%). Round your answer to 2 decimal places (e.g., 32.16).) ROE %
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