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eBook A firm has a profit margin of 5.5% and an equity multiplier of 1.3. Its sales are $200 million, and it has total assets

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eBook A firm has a profit margin of 5.5% and an equity multiplier of 1.3. Its sales are $200 million, and it has total assets of $120 million. What is its ROE? Do not round intermediate calculations. Round your answer to two decimal places. 20 %

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