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A firm has a profit margin of 4% and an equity multiplier of 2.4. Its sales are $260 million, and it has total assets of
A firm has a profit margin of 4% and an equity multiplier of 2.4. Its sales are $260 million, and it has total assets of $104 million. What is its ROE? Round your answer to two decimal places??? I keep coming up with 10.4, I need some help
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