Question: Question 23 (1 point) The Blue Lagoon has a return on equity of 18 percent, an equity multiplier of 2, and a total asset turnover

Question 23 (1 point) The Blue Lagoon has a return on equity of 18 percent, an equity multiplier of 2, and a total asset turnover of 1.5. What is the profit margin? 1) 2 percent 2) 3 percent C)4 percent 4) 5 percent 5) 6 percent

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