Toronto Skaters Company Earned a Net Profit Margin of 6

question 72

Multiple Choice

Toronto Skaters Company earned a net profit margin of 6% in 2022.Their turnover ratio is 5 and their leverage ratio is 3.The return on equity (ROE) earned by Toronto Skaters in 2022 is:

• A)0.90%
• B)9%
• C)10%
• D)90%

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