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DuPONT AND ROE A firm has a profit margin of 6% and an equity multiplier of 1.5. Its sales are $490 million, and it has

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DuPONT AND ROE A firm has a profit margin of 6% and an equity multiplier of 1.5. Its sales are $490 million, and it has total assets of $245 million. What is its ROE? Do not round intermediate calculations. Round your answer to two decimal places. %

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