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IfjPhone, Inc., has an equity multiplier of 1.65, total asset turnover of 1.8, and a profit margin of 6 percent. Required: What is its ROE?

IfjPhone, Inc., has an equity multiplier of 1.65, total asset turnover of 1.8, and a profit margin of 6 percent. Required: What is its ROE? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) ROE

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