A firm has ROE of 5.5% and an asset turnover ratio of 1.2.If the firm has 10 dollars in assets per dollar of equity,what is the firm's net profit margin?
A)1.2%
B)0.66%
C)5.5%
D)6.6%
E)0.46%

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The Answer of A firm has ROE of 5.5% and an asset turnover ratio of 1.2.If the firm has 10 dollars in assets per dollar of equity,what is the firm's net profit margin?
A)1.2%
B)0.66%
C)5.5%
D)6.6%
E)0.46%

A Firm Has ROE of 5