• lm Corp. has sales of $$2,400,000,$ cost of goods sold is $60\%$ of sales, SG&A expenses are $20\%$ of sales and the company has a $25\%$ tax rate. On its balance sheet total assets were $$4,950,000$ and total liabilities were $$2,750,000.$
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• What is the return on equity? $($ROUND YOUR ANSWER TO ONE DECIMAL XX$.$X$\%)$