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Last year Alexander Corp. had sales of $500,000 and a net income of $45,000, and its year-end assets were $275,000. The firm had $151,250 in

Last year Alexander Corp. had sales of $500,000 and a net income of $45,000, and its year-end assets were $275,000. The firm had $151,250 in total liabilities. Based on the DuPont equation, what was Alexander's ROE?

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