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Benson Corp. and Sununu Inc. are both makers of hot airballoons. Benson Corp.s net income is $150 million, sales are $1.5 billion, assets are $1.5
Benson Corp. and Sununu Inc. are both makers of hot airballoons. Benson Corp.s net income is $150 million, sales are $1.5 billion, assets are $1.5 billion, and debt is $1.0 billion. Sununu Inc.s profit margin is 20%, total asset turnover is 2.0, and equity multiplieris 1.0. What profit margin does Benson Corp. need so that it matches Sununu Inc.s ROE exactly?
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