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Baugh & Essary has net income of $155,600, sales of $946,400, a capital intensity ratio of 1.38, and an equity multiplier of 0.9. What is

Baugh & Essary has net income of $155,600, sales of $946,400, a capital intensity ratio of 1.38, and an equity multiplier of 0.9.

What is the return on equity?

ROE =

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