How to calculate the firm return on equity

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XYZ. sells all its merchandise on credit. It has a profit margin of 4 percent, days sales outstanding equal to 60 days (based on a 365-day year),receivables of $147,945.2, total assets of $3 million, and a debt ratio of 0.64.

Question 1: How to calculate the firm's return on equity (ROE)?

Reference no: EM132546815

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