A firm has a profit margin of $5\%$ and an equity multiplier of $2\mathrm{.}0.$ Its sales are $$260$ million, and it has total assets of $$104$ million. What is its ROE? Do not round

intermediate calculations. Round your answer to two decimal places.

$\%$A firm has a profit margin of $5\%$ and an equity multiplier of $2\mathrm{.}0.$ Its sales are $$260$ million, and it has total assets of $$104$ million. What is its ROE? Do not round intermediate calculations. Round your answer to two decimal places.

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