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Financial Ratio Analysis Sales , 2 8 0 Net income 2 1 You have the above balance sheet and income statement for Ahmed's You want

Financial Ratio Analysis
Sales ,280
Net income 21
You have the above balance sheet and income statement for Ahmed's
You want to reduce any of your assets to generate funds to buy back common stock at the book value. You will reduce assets so that total asset turnover is equal to
0.75. There is no effect on sales or net income. What is the new ROE?
%(use 2 decimals)
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