Question: Question 20 (3 points) Thompson, Inc. has Return on Equity (ROE) = 11 percent and an equity multiplier = 3.2. Compute Thompson's Return on Assets

Question 20 (3 points) Thompson, Inc. has Return on Equity (ROE)

Question 20 (3 points) Thompson, Inc. has Return on Equity (ROE) = 11 percent and an equity multiplier = 3.2. Compute Thompson's Return on Assets (ROA). (Record your answer as a percent rounded to one decimal place but do not include the percent sign in your answer. Thus, record.32184 = 32.1% as 32.1)

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