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Last year YYY Company had a 4% net profit margin based on $32,000,000 in sales and $11,000,000 of total assets. During the coming year, the

Last year YYY Company had a 4% net profit margin based on $32,000,000 in sales and $11,000,000 of total assets. During the coming year, the president has set a goal of attaining a 13% return on total assets. If YYY finances 71% of its assets by borrowing, what will its return on common equity be next year if the return on assets goal is achieved?

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