Question: Given the following data: D/E = 1/3; Asset Turnover = 2.2; Operating Profit margin = 7.5%; NI = 1,000; Interest Expenses = 500; Tax Rate

Given the following data: D/E = 1/3; Asset Turnover = 2.2; Operating Profit margin = 7.5%; NI = 1,000; Interest Expenses = 500; Tax Rate = 21%, calculate the ROE (Return on Equity).

		18.18%
		16.49%
		15.77%
		17.41%

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