CPA PEP Finance Elective Practice Questions - CPA Professional Education Program (PEP) - Finance Elective Exam

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Using the DuPont identity, a firm has a net profit margin of 8%, total asset turnover of 1.5, and an equity multiplier of 2.0. What is its return on equity (ROE)?

16% 24% 11% 12%

Correct Answer:

24%

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