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QUESTION
Berkeley Corporation showed a profit margin of 6.2% last year on sales of $45,000,000. If its total asset level was $37,000,000 and total debt was
- Berkeley Corporation showed a profit margin of 6.2% last year on sales of $45,000,000. If its total asset level was $37,000,000 and total debt was $16,000,000 what was its ROE (return on equity)? [Previous question 9 had the same given numbers but you were asked to compute ROA, or return on assets.]
