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Firm X has a total asset turnover of 1.23 based on total assets of $2112077. The firms net profit margin is 10.3% and has total

Firm X has a total asset turnover of 1.23 based on total assets of $2112077. The firms net profit margin is 10.3% and has total liabilities of $950997. What is the firms ROE?

a. 18.2% b. 16.6% c. 5.5% d. 23.0% e. 12.6%

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