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please help Spartan Corp. has $375,000 of assets, and it uses only common equity capital (zero debt). its sales for the last year were $595,000,

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Spartan Corp. has $375,000 of assets, and it uses only common equity capital (zero debt). its sales for the last year were $595,000, and its net income was $25,000. Stockholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 15.06. What profit margin would the firm need in order to achieve the 15% ROE, holding everything efse constant? 9.45+6 9.935 10.42% 10.94 11.49%

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