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Midwest Lumber had a profit margin of 5.1%, a total assets turnover of 1.6, and an equity multiplier of 1.8. What was the firm's ROE?

Midwest Lumber had a profit margin of 5.1%, a total assets turnover of 1.6, and an equity multiplier of 1.8. What was the firm's ROE? (Equity Multiplier = Assets/Owners Equity) o 14.69% 0 24.99% 15.59% 0 14.39% 15.29%

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