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A company has a net profit margin of 5% on sales of $50 million. It has a book value of equity of $40 million. What

A company has a net profit margin of 5% on sales of $50 million. It has a book value of equity of $40 million. What is its Return on Equity (ROE)? a. 5.75% b. 5.95% c. 6.50% d. 5.25% e. 6.25%

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