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Select and EXPLAIN your answer: Precision Aviation has a profit margin of 6.25%, a total assets turnover of 1.5, and an equity multiplier of 1.8.

Select and EXPLAIN your answer: Precision Aviation has a profit margin of 6.25%, a total assets turnover of 1.5, and an equity multiplier of 1.8. What was the firm's ROE?

a. 15.23%

b. 16.03%

c. 16.88%

d. 17.72%

e. 18.60%

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