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Precision Aviation had a profit margin of 8.00%, a total assets turnover of 1.5 and an equity multiplier of 18. What was the firm's ROE?

Precision Aviation had a profit margin of 8.00%, a total assets turnover of 1.5 and an equity multiplier of 18. What was the firm's ROE? a. 16.63% (0 b. 22.68% O c. 23.76% d. 20.95% e. 21.60%

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