Q12)

Based on the fact it is highly profitable, which of these firms would be expected to have a high ROE?

Question 12 options:

	a low-end retailer that has a low mark-up on all items it sells
	a grocery store chain that has very high turnover, selling many multiples of its assets per year
	a brokerage firm that has high levels of leverage
	a mining firm that is mostly engaged in exploration for new deposits
	a medical supply company that provides very precise instruments at a high price to large medical establishments such as hospitals