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19. Firm X has a Return on Equity (ROE) equal to 17%, a total debt ratio equal to 0.6. If the firm has an fixed-asset
19. Firm X has a Return on Equity (ROE) equal to 17%, a total debt ratio equal to 0.6. If the firm has an fixed-asset turnover ratio of 0.54, what is its profit margin? a) 7.4% Ob) 3.08% Oc)9% O d) 8.5% O e) Cannot be determined
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