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Business

Answered

If Hailey, Inc., has an equity multiplier of 1.46, total asset turnover of 1.5, and a profit margin of 5.6 percent, what is its ROE?

Answer :

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Answer:

12.26

Explanation:

Calculation for what is its ROE

Using this formula

ROE = Profit margin*Total asset turnover*Equity multiplier

Let plug in the formula

ROE=5.6*1.5*1.46

ROE=12.26

Therefore the ROE will be 12.26

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