jPhone, Inc., has an equity multiplier of 1.38, total asset turnover of 1.6, and a profit margin of 10 percent.
What is the company's ROE? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.