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You are provided the following information for a company: Gross margin= 30% Net profit margin= 10% Return on assets= 24% Debt-to-equity= 17% Equity multiplier= 1.2

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You are provided the following information for a company: Gross margin= 30% Net profit margin= 10% Return on assets= 24% Debt-to-equity= 17% Equity multiplier= 1.2 Total asset turnover= 2.4 What is the company's return on equity? a) 35% b) 6% c) 29% d) Not determinable

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