If for the S&P Industrials Index, the profit margin was 0.18 and the equity turnover ratio was

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If for the S&P Industrials Index, the profit margin was 0.18 and the equity turnover ratio was 12, the return on equity (ROE) would be

a. 0.83 percent.

b. 0.48 percent.

c. 2.16 percent.

d. 30.00 percent.

e. 48.00 percent.

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Finance for Executives Managing for Value Creation

ISBN: 978-0538751346

4th edition

Authors: Gabriel Hawawini, Claude Viallet

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Posted Date: Oct 21, 2020 01:10 AM

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If for the S&P Industrials Index, the profit margin was 0.18 and the equity turnover ratio was

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Ans c 216 percen... View the full answer

Finance for Executives Managing for Value Creation

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