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Exercise 6 (6 points) For fiscal year 2011, Peet's Coffee and Tea (PEET) had a net profit margin of 5.78%, asset turnover of 1.73, and

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Exercise 6 (6 points) For fiscal year 2011, Peet's Coffee and Tea (PEET) had a net profit margin of 5.78%, asset turnover of 1.73, and a book equity multiplier of 1.51. 11 Use this data to compute Peet's' ROE using the DuPont Identity. * (2 Points) Enter your answer 12 If Peet's managers wanted to increase its ROE by one percentage point, how much higher would their asset turnover need to be? * (2 Points)

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