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QUESTION 17 A firm's total asset turnover is 2.3 times and its net profit margin is 6%. If the ROE is 22%, what is the

QUESTION 17 A firm's total asset turnover is 2.3 times and its net profit margin is 6%. If the ROE is 22%, what is the firm's equity multiplier? 0.883 1.02 1.59 20 none of these

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