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Homework answers / question archive / mountain foods has an equity multiplier of 1
mountain foods has an equity multiplier of 1.15 a total asset turnover of 2.31 and a profit margin of 7.23%.What is the return on equity
Computation of the return on equity (ROE):-
Return on equity = Profit margin * Total asset turnover * Equity multiplier
= 7.23% * 2.31 * 1.15
= 19.21%
