Question: Thompson, Inc. has return on equity (ROE) = 44.8 percent, average collection period =31 days, and equity multiplier 3.2. Compute Thompson's return on assets (ROA)

Thompson, Inc. has return on equity (ROE) = 44.8 percent, average collection period =31 days, and 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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