If Harley, Inc., has an equity multiplier of 1.35, total asset turnover of 2.15, and a profit

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If Harley, Inc., has an equity multiplier of 1.35, total asset turnover of 2.15, and a profit margin of 6.08 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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Corporate Finance Core Principles and Applications

ISBN: 978-1259289903

5th edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan

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