If, for the S&P Industrials Index, the Profit Margin Was

Multiple Choice

If, for the S&P Industrials Index, the profit margin was .25 and the equity turnover ratio was 12, the ROE would be

A) 0.83 percent.
B) 0.48 percent.
C) 3.00 percent.
D) 30.00 percent.
E) 48.00 percent.