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Keller Cosmetics maintains an operating profit margin of 5% and asset turnover ratio of 4. b. If its debt-equity ratio is 1, its interest payments

Keller Cosmetics maintains an operating profit margin of 5% and asset turnover ratio of 4.

b. If its debt-equity ratio is 1, its interest payments and taxes are each $8,800, and EBIT is $24,000, what is its ROE? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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