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Davis Company has provided the following financial data: Total Asset Turnover = .245 Net Income = $400,000 Equity Multiplier = 1.20 Net Sales = $1,300,000

Davis Company has provided the following financial data:

Total Asset Turnover = .245

Net Income = $400,000

Equity Multiplier = 1.20

Net Sales = $1,300,000

What is the Return on Equity?

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