If jPhone, Inc., has an equity multiplier of 1.65, total asset turnover of 1.8, and a profit

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If jPhone, Inc., has an equity multiplier of 1.65, total asset turnover of 1.8, and a profit margin of 6 percent, what is its ROE?

Asset Turnover
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.

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Essentials of Corporate Finance

ISBN: 978-0078034756

8th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Feb 23, 2017 02:01 AM

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If jPhone, Inc., has an equity multiplier of 1.65, total asset turnover of 1.8, and a profit

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