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Business

Answered

f Hailey, Inc., has an equity multiplier of 1.6, total asset turnover of 2.2, and a profit margin of 4 percent, what is its ROE?

Answer :

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Answer:

14.08

Explanation:

Calculation for what is its ROE

Using this formula

ROE = Profit margin*Total asset turnover*Equity multiplier

Let plug in the formula

ROE=4*2.2*1.6

ROE=14.08

Therefore the ROE will be 14.08

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