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Spinnit Limited generated a 1.37 total asset turnover in its latest fiscal year on assets of $2,002,077. The firm has total llabilities of $840,790. The
Spinnit Limited generated a 1.37 total asset turnover in its latest fiscal year on assets of $2,002,077. The firm has total llabilities of $840,790. The firm's net profit margin was 11.3%. What is Spinnit Limited's return on equity? Round to the nearest 0.1% 18.2% 23.1\% 21.5% 26.7%
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