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Oriole Enterprises has a total asset turnover of 2.2 and a net profit margin of 8.0%. If its equity multiplier is 1.50 , what is

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Oriole Enterprises has a total asset turnover of 2.2 and a net profit margin of 8.0%. If its equity multiplier is 1.50 , what is the ROE for Oriole Enterprises? (Do not round intermediate calculations, Round answer to 2 decimal places, e.g. 12.25\%.) Returnon equity

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