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A firm has a tax burden tatio of 0.7, a leverage ratio of 1.2, an interest burden of 0.8, and a return on sales of

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A firm has a tax burden tatio of 0.7, a leverage ratio of 1.2, an interest burden of 0.8, and a return on sales of 11%. The firm generates $2.60 in sales per dollar of assets. What is the firm's ROE? (Do not round intermediate calculations. Round your answer to 2 decimal places.) 9

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