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Assume jPhone, Inc., has an equity multiplier of 1.42, total asset turnover of 1.71, and a profit margin of 9 percent. What is its ROE?

Assume jPhone, Inc., has an equity multiplier of 1.42, total asset turnover of 1.71, and a profit margin of 9 percent. What is its ROE? Select one: a. 15.50% b. 25.50% c. 21.85% d. 21.85 e. 17.95%

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