Question: Northwest Lumber had a profit margin of 4%, a total assets turnover of 1.5, and an equity multiplier of 1.8. What was the firm's ROE?

Northwest Lumber had a profit margin of 4%, a total assets turnover of 1.5, and an equity multiplier of 1.8. What was the firm's ROE?

Select the correct answer.

a. 10.62%

b. 10.68%

c. 10.74%

d. 10.86%

e. 10.80%

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