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Northwest Lumber had a profit margin of 4%, a total assets turnover of 1.5, and an equity multiplier of 1.8. What was the firm's ROE?
Northwest Lumber had a profit margin of 4%, a total assets turnover of 1.5, and an equity multiplier of 1.8. What was the firm's ROE?
Select the correct answer.
a. 10.62%
b. 10.68%
c. 10.74%
d. 10.86%
e. 10.80%
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