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Manufacturer A has a profit margin of 2.1%, an asset turnover of 1.6 and an equity multiplier of 4.9. Manufacturer B has a profit margin
Manufacturer A has a profit margin of 2.1%, an asset turnover of 1.6 and an equity multiplier of 4.9.
Manufacturer B has a profit margin of 2.3%, an asset turnover of 1.2 and an equity multiplier of 4.6.
How much asset turnover should manufacturer B have to match manufacturer A's ROE?
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