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9. Living Arts Co. has a net profit margin of 5.1% and an equity multiplier of 2.5. Its sales are $115 million, and its total

9. Living Arts Co. has a net profit margin of 5.1% and an equity multiplier of 2.5. Its sales are $115 million, and its total assets are $120 million. What is the firm's return on equity (ROE)? b. 13.50% c. 12.22% d. 19.83%

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