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Benjamin Clark, Junior Financial Analyst for Kaboom Fireworks Enterprises, has ...
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Benjamin Clark, Junior Financial Analyst for Kaboom Fireworks Enterprises, has calculated the following ratios for the company for the most recent year-end:
Profit margin =16,5%
Total asset turnover = 0,5
Debt ratio = 62,5%
The company had total assets of R2 277 000. What is the company's return on equity (ROE)?
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