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Coconut Telegraph ( CT ) has a total equity of $ 9 9 , 0 0 0 , sales of $ 5 5 5 ,

Coconut Telegraph (CT) has a total equity of $99,000, sales of $555,000 and an equity multiplier of 4.00. If C T's profit margin is 0.03, what is C T's return on equity?
Multiple Choice
0.168
0.011
0.126
0.042
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