Question: Select and EXPLAIN your answer. No participation credit will be awarded for simply choosing an answer below. Precision Aviation had a profit margin of 6.25%,

Select and EXPLAIN your answer. No participation credit will be awarded for simply choosing an answer below.

Precision Aviation had a profit margin of 6.25%, a total assets turnover of 1.5, and an equity multiplier of 1.8. What was the firms ROE?

a. 15.23%

b. 16.03%

c. 16.88%

d. 17.72%

e. 18.60%

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