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ABC Company has $112.000 of assets, and it uses only equity to finance its assets. Its sales for the last year were $146,000, and its

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"ABC Company has $112.000 of assets, and it uses only equity to finance its assets. Its sales for the last year were $146,000, and its net income after taxes was $94,000. Stockholders recently voted in a new management team that has promised to lower costs and get the return on equity to 18%, What profit margin would "ABC Company need in order to achieve the 18% ROE, holding everything else constant? Noter in writing the value of the new ROE, make sure to write in a decimal format (rounded to nearest 4 digits), and not as a percentage. For example, write 0.12 Instead of 12%

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