If Marin, Incorporated, has an equity multiplier of 1.50, total asset turnover of 1.70, and a profit margin of 6 percent, what is its ROE? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.

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If Marin, Incorporated, has an equity multiplier of 1.50, total asset turnover of 1.70, and a profit margin of 6 percent, what is its ROE?  Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.

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