You observe that a firms ROE is equal to the industry average, but both its profit margin and equity multiplier are below the industry average. Which of the following statements is CORRECT?

Its TIE ratio must be below the industry average.

Its return on assets must equal the industry average.

Its total assets turnover must equal the industry average.

Its total assets turnover must be above the industry average.

Its total assets turnover must be below the industry average.