Xyz corp has a total asset turnover ratio of 15 and a
XYZ Corp. has a total asset turnover ratio of 1.5 and a profit margin of 5%. XYZ has $100 million in total assets and $40 million in total owner's equity. What is the firm's return on equity (ROE)?
Select one:
a. 7.50%
b. 12.00%
c. 18.75%
d. 20.50%
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