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ed: Exam 1 ( i ) If Rogers, Incorporated, has an equity multiplier of 1 . 6 2 , total asset turnover of 2 4

ed: Exam 1(i)
If Rogers, Incorporated, has an equity multiplier of 1.62, total asset turnover of 24, and a profit margin of 4.2 percent, what is its ROE? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.1
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