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What was the return on equity for test ltd

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Reference no: EM132819569

Suppose the 2019 values for Test1 Ltd. were as follows:

Profit Margin = 0.12 (or 12%);

Total Asset Turnover = 0.66;

Equity Multiplier = 1.89.

Problem 1: What was the Return on Equity (ROE) for 2019? What accounts for the change

Reference no: EM132819569

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