What is roe for wildhorse enterprises

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Reference no: EM132819837

Problem 1: Wildhorse Enterprises has a total asset turnover of 2.2 and a net profit margin of 7.6%. If its equity multiplier is 1.30, what is the ROE for Wildhorse Enterprises? (Round answer to 2 decimal places, e.g. 12.25%.)

Reference no: EM132819837

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