Toronto Skaters Company earned a net profit margin of 6% in 2022.Their turnover ratio is 5 and their leverage ratio is 3.The return on equity (ROE)earned by Toronto Skaters in 2022 is:
A)0.90%
B)9%
C)10%
D)90%

Question

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The Answer of Toronto Skaters Company earned a net profit margin of 6% in 2022.Their turnover ratio is 5 and their leverage ratio is 3.The return on equity (ROE)earned by Toronto Skaters in 2022 is:
A)0.90%
B)9%
C)10%
D)90%

Toronto Skaters Company Earned a Net Profit Margin of 6