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Precision Aviation had a profit margin of 9.25%, a total assets turnover of 1.4, and an equity multiplier of 1.8. What was the firm's ROE?

Precision Aviation had a profit margin of 9.25%, a total assets turnover of 1.4, and an equity multiplier of 1.8. What was the firm's ROE? a. 12.95% b. 23.31% c. 7.19% d. 16.65% e. 3.70%

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