A firm has a profit margin of 6.5% and an equity multiplier of 1.7. Its sales are $270 million, and it has total assets
Posted: Sun Jul 03, 2022 12:57 pm
A firm has a profit margin of 6.5% and an equity multiplier of 1.7. Its sales are $270 million, and it has total assets of $135 million. What is its ROE? Do not round intermediate calculations. Round your answer to two decimal places.________%