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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 16.28 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 16.28 percent. Determine the profit margin for this firm. 3.87% 4.24% 3.50% O 4.61% @ 4.98%

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