QUESTION $16$

If Climate, Inc. has an ROE$=15$ percent, equity multiplier $=3,$ and profit margin of $10$ percent, what is the total asset turnover ratio?

$0\mathrm{.}0500$

$0\mathrm{.}0050$

$0\mathrm{.}0005$

$0\mathrm{.}5000$