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A firm has total assets of $1,500,000, total common equity of $1,250,000, a Total Asset Turnover of 3.20, and an ROE of 17.70 percent. Determine

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A firm has total assets of $1,500,000, total common equity of $1,250,000, a Total Asset Turnover of 3.20, and an ROE of 17.70 percent. Determine the profit margin for this firm. Enter your answer in decimal format, rounded to 3 decimal places. For example, if your answer is 8.66\%, enter "0.087

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