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A company's profit margin is 15.5%, its asset turnover 0.72, and its financial leverage is 3.25. Determine the company's return on shareholders' equity. a.28.4% b.51.7%
A company's profit margin is 15.5%, its asset turnover 0.72, and its financial leverage is 3.25. Determine the company's return on shareholders' equity.
a.28.4%
b.51.7%
c.42.5%
d.36.3%
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