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Use 2-Step DuPont Analysis to answer the following: A firm's ROA is 17.93%. The firm's leverage (equity multiplier) is 2.5x (2.5). What is the firm's

Use 2-Step DuPont Analysis to answer the following:

A firm's ROA is 17.93%. The firm's leverage (equity multiplier) is 2.5x (2.5). What is the firm's return on equity (ROE)?

Group of answer choices

17.93%

44.83%

7.17%

Cannot be determined from information provided

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