Question: Thompson, Inc. has return on equity (ROE)=58.3 percent, average collection period =23 days, and equity multiplier =3.4. Compute Thompson's return on assets (ROA). Record your
Thompson, Inc. has return on equity (ROE)=58.3 percent, average collection period =23 days, and equity multiplier =3.4. 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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