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A firm has a profit margin of 11.12%, a total assets turnover ratio of 0.718 and an equity multiplier of 1.378 . What is the

image text in transcribed A firm has a profit margin of 11.12%, a total assets turnover ratio of 0.718 and an equity multiplier of 1.378 . What is the firm's return on equity (ROE)? 18.99% 7.98% None of these options are correct 21.34% 11.00%

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