Question: If profit margin increases by 7 % , asset turnover decreases by 4 % , and the equity multiplier increases by 9 % , by

If profit margin increases by 7%, asset turnover decreases by 4%, and the equity multiplier increases by 9%, by how much, approximately, will the ROE change? (Round to the nearest percentage)
It will decrease by 12%
It will increase by 12%
It will increase by 16%
It will decrease by 16%
Not enough information is given
If profit margin increases by 7%, asset turnover decreases by 4%,

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