Based on the levers of performance listed below, what is the Return on Equity of Crabtree Industries below when Crabtree has a loss as the Profit Margin goes from .23 to -.23?
June 25th, 2022
Crabtree Insustries
Profit Margin = -.23
Asset Turnover = 1.1
Assets/Equity = 2.3
EXPERT ANSWER
Return on equity = Profit margin * Asset turnover * Financial leverage
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Based on the levers of performance listed below, what is the Return on Equity of Crabtree Industries below when Crabtree has a loss as the Profit Margin goes from .23 to -.23?
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= -58