Sally's Retailers and Joe's Retailers both operate in the same apparel industry and have the same ROE

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Sally's Retailers and Joe's Retailers both operate in the same apparel industry and have the same ROE ratio of 45%. Each company has the following ratios:

Ratio Sally Joe

Profit Margin 30% N/A

TA Turnover 0.50 6.0

Leverage Multiplier N/A .50

Using the information above, determine the Profit Margin for Joe's and the Leverage Multiplier for Sally's.

Please show formula and work.

Posted Date: May 19, 2024 12:08 PM

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Sally's Retailers and Joe's Retailers both operate in the same apparel industry and have the same ROE

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