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25-02-2021
Business

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GTYOC Aviation had a profit margin of 8.00%, a total assets turnover of 1.5, and an equity multiplier of 1.0. What was the firm's ROE?

Respuesta :

Ritmeks Ritmeks

02-03-2021

Answer:

12

Explanation:

GTYCO has a profit margin of 8%

Total assets turnover is 1.5

Equity multiplier Is 1.0

Therefore the ROE can be calculated as follows

= 8×1.5×1.0

= 12

Hence the ROE is 12

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