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High Mountain Foods has an equity multiplier of 1.55, a total asset turnover of 1.3, and a profit margin of 7.5 percent. What is the

High Mountain Foods has an equity multiplier of 1.55, a total asset turnover of 1.3, and a profit margin of 7.5 percent. What is the return on equity? Select one: O a. 8.94 percent O b. 10.87 percent O c. 12.69 percent O d. 14.38 percent O e. 15.11 percent

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