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Acme Corporation has a debt ratio of 65.62% (65.62% of assets are financed with debt). Return on assets is 6.23%, operating profit margin is 7.33%,

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Acme Corporation has a debt ratio of 65.62% (65.62% of assets are financed with debt). Return on assets is 6.23%, operating profit margin is 7.33%, net profit margin is 4.09%, and total asset turnover is 1.52. What is Acme's return on equity? HINT: Use DuPont ROE. You must figure out the equity multiplier (use the Accounting Identity and Debt ratio to figure out equity multiplier). 4.058% 16.72% 18.08% 7.75%

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