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Northwest Lumber Had a Profit Margin of 5

Question 40

Multiple Choice

Northwest Lumber had a profit margin of 5.25%, a total assets turnover of 1.5, and an equity multiplier of 1.8 What was the firm's ROE?

A) 12.79%
B) 13.47%
C) 14.18%
D) 14.88%
E) 15.63%
Easy/

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