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The net profit margin for a company is 24.7 %, the assetturnover is 1.002, the equity mult

The net profit margin for a company is 24.7 %, the assetturnover is 1.002, the equity mult

The net profit margin for a company is 24.7 %, the assetturnover is 1.002, the equity multiplier is 1.658, and the dividendpayout rate is 42 %. What is the return on equity? Show yourwork  (Answer to the nearest tenth of a percent, i.e.12.3 without the % sign).

Abhinav 02-Dec-2019

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