Assume jPhone, Inc., has an equity multiplier of 1.43, total asset turnover of 1.72, and a profit margin of 10 percent. Required: What is its ROE? (Do not include the percent sign (%). Round your answer to 2 decimal places (e.g., 32.16).) ROE %

Assume jPhone, Inc., has an equity multiplier of 1.43, total asset turnover of 1.72, and a profit margin of 10 percent.

 

Required:

What is its ROE? (Do not include the percent sign (%). Round your answer to 2 decimal places (e.g., 32.16).)

 

ROE

%