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Problem:

Keller Cosmetics maintain an operating profit margin of 4.9% and asset turnover ratio of 2.9. What is the ROA? Its debt-equity ratio is 1. Net Operating Profit after tax (NOPAT) is $8,472 and Ner Income is $5,300.

Required:

Question: What is its ROE?

Note: Please explain comprehensively and give step by step solution.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M91171612

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