Question 26 1 point If my ROE is 40 my asset turnover is 2 a

Question 26 (1 point) If my ROE is 40%, my asset turnover is 2, and leverage is 2, my net margin is 20%. True False

ROE =net margin * asset turnover * leverage

0.4 = 2*2*x

x=0.1

so, 10%

false

Question 26 (1 point) If my ROE is 40%, my asset turnover is 2, and leverage is 2, my net margin is 20%. True False SolutionROE =net margin * asset turnover *

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