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DUPONT AND ROE A firm has a profit margin of 6% and an equity multiplier of 2.0. Its sales are $80 milion, and it has

DUPONT AND ROE A firm has a profit margin of 6% and an equity multiplier of 2.0. Its sales are $80 milion, and it has total assets of $48 million. What is its ROE? Do not round Intermediate calculations. Round your answer to two decimal places 2

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