ABC Company sells all its merchandise on credit. Given the following information, what is the company's ROE?  Use 365 days for a year.                               Profit margin                                         5.8%                               Averaged collection period                 53 days                               Accounts receivables                         250,000                               Total assets                                    $3,000,000                               Total debt to total assets ratio             0.72 Round your final answer to two decimal places of percentage. (Hint: Use the DuPont system.) Group of answer choices: 11.91% 11.89% 11.97% 11.95% 11.93%

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A:

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