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Leadjet, an aerospace firm, reported a net profit margin of 3.0%; a total asset turnover of...

  1. Leadjet, an aerospace firm, reported a net profit margin of 3.0%; a total asset turnover of 1.5; total assets of $36 billion and a book value of equity of $18 billion. Leadjet’s ROE is:

    a.

    2.25%

    b.

    8.37%

    c.

    9.0%

    d.

    6.0%

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