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High Mountain Foods has an equity multiplier of 1.7, total asset turnover of 1.2, and a profit margin of 4.3 percent. What is the return

High Mountain Foods has an equity multiplier of 1.7, total asset turnover of 1.2, and a profit margin of 4.3 percent.

What is the return on equity?

(round answer to whole number with two decimal points: i.e., use 1.23 percent instead of 0.0123)

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