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Paragon Co. has an operating profit of 11%, an asset turnover ration of 1.2, a financial leverage multiplier of 1.5 times and average tax rate
Paragon Co. has an operating profit of 11%, an asset turnover ration of 1.2, a financial leverage multiplier of 1.5 times and average tax rate of 35% and an interest burden of 0.8. paragon's return on equity is closest to
A) 9%
B)10%
C)11%
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