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Mak Cosmetics maintains an operating profit margin of 10% and asset turnover ratio of 2.5 . If Mak Cosmetics' debt-equity ratio is 03333 , its

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Mak Cosmetics maintains an operating profit margin of 10% and asset turnover ratio of 2.5 . If Mak Cosmetics' debt-equity ratio is 03333 , its net income is $1,000, interest payment is $600, taxable income is $1,538.46, taxes is $538.46, and depreciation is $800, what is its ROE? (Hint: that monster equation?) Multiple Choice 5.996 23.98% 27.55% 15.22%

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