In: Finance
Leadjet, an aerospace firm, reported a net profit margin of 3.0%; a total asset turnover of 1.5; total assets of $36 billion and a book value of equity of $18 billion. Leadjet’s ROE is:
a. |
2.25% |
|
b. |
8.37% |
|
c. |
9.0% |
|
d. |
6.0% |