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A firm has an ROE of 14% and a debt ratio of 40%. If the total asset turnover is 3.4, what is the firm's profit
A firm has an ROE of 14% and a debt ratio of 40%. If the total asset turnover is 3.4, what is the firm's profit margin? A.) 2.47% B.) 3.86% C.) 4.29% D.) 5.67%
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