a-company-has-a-profit-margin-of-12-a-total-asset-turnover-of-12-and-an-equity-m

Question

A company has a profit margin of 12%, a total asset turnover of 1.2, and an equity multiplier of 1.8. What is the company's ROE?

Accepted Answer

25.92%

Answer

21.6%

Answer

19.44%

Answer

28.8%