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Ivanhoe Enterprises has a total asset turnover of 2.4 and a net profit margin of 7.4%. If its equity multiplier is 1.30, what is the

Ivanhoe Enterprises has a total asset turnover of 2.4 and a net profit margin of 7.4%. If its equity multiplier is 1.30, what is the ROE for Ivanhoe Entecprises? (Round answer to 2 decimal places, eg. 12.25\%.) ROE %

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