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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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