What total assets turnover would be necessary

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Isensee,Inc. has a total asset turnover of 1.2, a profit margin of 12%, and a debt ratio of .18 . The CFO wants to double the current return on equity by making some changes. If she thinks that the profit margin can be boosted to 18%, and is comfortable with increasing the debt ratio to .30, what total assets turnover would be necessary to double the return on equity?

Reference no: EM132057772

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