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Assume Drummond Company has an ROE = 18.9%, a profit margin = 4.8%, and a total asset turnover ratio = 2.7. What is Drummond's equity

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Assume Drummond Company has an ROE = 18.9%, a profit margin = 4.8%, and a total asset turnover ratio = 2.7. What is Drummond's equity multiplier (EM)? ENTER YOUR ANSWER TO TWO DECIMAL PLACES

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