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Cullumber, Inc., a manufacturer of electrical supplies, has an ROE of 23.1 percent, a profit margin of 4.0 percent, and a total asset turnover ratio
Cullumber, Inc., a manufacturer of electrical supplies, has an ROE of 23.1 percent, a profit margin of 4.0 percent, and a total asset turnover ratio of 1.5 times. Its peer group also has an ROE of 23.1 percent, but has outperformed Cullumber with a net profit margin of 5.0 percent and a total asset turnover ratio of 2.0 times. Calculate the Cullumber's equity multiplier and peer group equity multiplier. (Round answers to 2 decimal places, e.g.12.55.) Cullumber's equity multiplier is times, and the peer group equity multiplier is times
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