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7. Problem 4.06 (DUPONT and ROE) eBook A firm has a profit margin of 3.5% and an equity multiplier of 1.9. Its sales are $120

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7. Problem 4.06 (DUPONT and ROE) eBook A firm has a profit margin of 3.5% and an equity multiplier of 1.9. Its sales are $120 million, and it has total assets of $48 million. What is its ROE? Do not round intermediate calculations. Round your answer to two decimal places

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