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The Total Asset Turnover Ration and Total Assets to Networth Ratio of Kuber Ltd. are 1.75 and 2, respectively. If the Net Profit Margin of this company is 8%. What is the Return on Equity (ROE)?
As per On-Post Analysis
ROE (Return on Equity) = Net Profit Margin × Asset Turnover Ratio
× Assets to Turnover Ratio
= 8% × 2 × 1.75...