Question: A corporation has a return on assets ( ROA ) of 1 2 % . It has a total asset turnover ratio of 3 .

A corporation has a return on assets (ROA) of 12%.
It has a total asset turnover ratio of 3.0.
It has an equity multiplier of 1.5.
What is the corporation's profit margin, and what is its return on equity (ROE)?
A corporation has a return on assets ( ROA ) of 1

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