Precision Aviation had a profit margin of 6.25%, a total assets turnover of 1.5, and an equity multiplier of 1.8. What was the firm's ROE? O a. 17.72% O b. 14.34% O c. 13.84% d. 20.93% e. 16.88%

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
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Precision Aviation had a profit margin of 6.25%, a total assets turnover of 1.5, and an equity multiplier of 1.8. What was the firm's ROE?
a. 17.72%
b. 14.34%
c. 13.84%
d. 20.93%
e. 16.88%
Transcribed Image Text:Precision Aviation had a profit margin of 6.25%, a total assets turnover of 1.5, and an equity multiplier of 1.8. What was the firm's ROE? a. 17.72% b. 14.34% c. 13.84% d. 20.93% e. 16.88%
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