ROE

$=$

Profit Margin

x

Total Assets Turnover

x

Equity Multiplier

Company A$12\mathrm{.}0\%57\mathrm{.}3\%9\mathrm{.}82\mathrm{.}14$Company B$15\mathrm{.}5\%58\mathrm{.}2\%10\mathrm{.}22\mathrm{.}61$Company C$21\mathrm{.}5\%58\mathrm{.}0\%10\mathrm{.}33\mathrm{.}60$

Referring to these data, which of the following conclusions will be true about the companies$$ ROEs?

The main driver of Company C$$s superior ROE, as compared with that of Company A$$s and Company B$$s ROE, is its efficient use of assets.

The main driver of Company C$$s superior ROE, as compared with that of Company A$$s and Company B$$s ROE, is its greater use of debt financing.

The main driver of Company C$$s superior ROE, as compared with that of Company A$$s and Company B$$s ROE, is its operational efficiency.