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A firm has a retention ratio of 40 percent and a sustainable growth rate of 6.2 percent. The asset turnover ratio is 0.85 and the

A firm has a retention ratio of 40 percent and a sustainable growth rate of 6.2 percent. The asset turnover ratio is 0.85 and the assets-to-equity ratio (using beginning-of-period equity) is 1.80. What is the profit margin?

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