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MigMo Corp's financial statements contain the following information: Sales = $140mm Assets = $280mm Equity = $70mm ROE = 20% Current assets = $57mm MigMo's
MigMo Corp's financial statements contain the following information:
- Sales = $140mm
- Assets = $280mm
- Equity = $70mm
- ROE = 20%
- Current assets = $57mm
MigMo's goal is to have a net margin greater than 8%. Did the company achieve its goal?
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