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In 2016, the Allen Corporation had sales of $61 million, total assets of $50 million, and total liabilities of $21 million. The interest rate on
In 2016, the Allen Corporation had sales of $61 million, total assets of $50 million, and total liabilities of $21 million. The interest rate on the companies that is 6.2%, and its tax rate is 35%. The operating profit margin is 10%.
The return on equity is_______% (Round to two decimal places).
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