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Northwest Lumber had a profit margin of 7%, a total assets turnover of 1.5, and an equity multiplier of 1.8. What was the firm's ROE?

Northwest Lumber had a profit margin of 7%, a total assets turnover of 1.5, and an equity multiplier of 1.8. What was the firm's ROE?

Select the correct answer.

a. 18.82%
b. 18.74%
c. 18.90%
d. 18.66%
e. 18.98%

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