Explain how much asset turnover should manufacturer have

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Reference no: EM13130279

Manufacturer A has a profit margin of 2.0%, an asset turnover of 1.7 and an equity multiplier of 4.9. Manufacturer B has a profit margin of 2.3%, an asset turnover of 1.1 and an equity multiplier of 4.7. Explain how much asset turnover should manufacturer B have to match manufacturer A's ROE?

Reference no: EM13130279

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