If jPhone, Inc., has an equity multiplier of 1.35, total asset turnover of 1.64, and a profit
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If jPhone, Inc., has an equity multiplier of 1.35, total asset turnover of 1.64, and a profit margin of 7 percent, what is its ROE?
Asset TurnoverAsset 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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Related Book For 
Essentials Of Corporate Finance
ISBN: 9780073382463
7th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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