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Assume company X has a net profit margin of 0.10 and a total asset turnover of...

Assume company X has a net profit margin of 0.10 and a total asset turnover of 2.30. If the firm had total liabilities of 1.304 million and total book equity of 0.870 million, what would its ROE be?

1. 0.109

2. 0.575

3. 0.100

4. 0.092

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