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DuPONT AND ROE A firm has a profit margin of 3.5% and an equity multiplier of 1.7. Its sales are $130 million, and it has
DuPONT AND ROE
A firm has a profit margin of 3.5% and an equity multiplier of 1.7. Its sales are $130 million, and it has total assets of $78 million. What is its ROE? Do not round intermediate calculations. Round your answer to two decimal places.
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