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A firm has a tax burden ratio of 0.65, a leverage ratio of 1.45, an interest burden of 0.5, and a return on sales of
A firm has a tax burden ratio of 0.65, a leverage ratio of 1.45, an interest burden of 0.5, and a return on sales of 14%. The firm generates $2.60 in sales per dollar of assets. What is the firm's ROE?
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