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17. An analysis examining Kuwait Oil Petroleum Co. wishes to understand the factors driving the trend in ROE over a recent four-year period. The analyst

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17. An analysis examining Kuwait Oil Petroleum Co. wishes to understand the factors driving the trend in ROE over a recent four-year period. The analyst obtains the following data from KOPC annual reports: 2009 2008 2007 2006 Tax burden 61% 52% 63% 59% Interest burden 98% 98% 98% 98% EBIT margin 8% 11% 149 14% Asset turnover 99 1.71 1.47 1.44 Leverage 2.15 2.17 2.10 2.14 Required: Calculate The ROE for 2009. DS (2 points) Enter your answer IPCI

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