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A firm's net profit margin is 12%, the total assets turnover ratio is 1.15, and its equity multiplier is 1.20. What is the firm's return
A firm's net profit margin is 12%, the total assets turnover ratio is 1.15, and its equity multiplier is 1.20. What is the firm's return on equity?
A. 16.56%
b. 11.50%
c. 14.40%
d. 15.98%
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