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Ace Engineering Inc. has a profitability ratio of 0.16, an asset turnover ratio of 1.5, a debt to equity ratio of 0.40, and a total

Ace Engineering Inc. has a profitability ratio of 0.16, an asset turnover ratio of 1.5, a debt to equity ratio of 0.40, and a total asset to equity ratio of 1.40. What is the firm's ROE?

A) 14.28%

B) 29.85%

C) 33.60%

D) 38.08%

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