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PLEASE SHOW WORK 4. (6 points) Lehrke, Inc. has a profit margin of 12% and an equity multiplier of 1.5. Its sales are $600 million,

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PLEASE SHOW WORK

4. (6 points) Lehrke, Inc. has a profit margin of 12% and an equity multiplier of 1.5. Its sales are $600 million, and it has total assets of $800 million. What is its ROE? Please show your calculations intermediate steps and final answer) to the nearest one-hundredth of one percent (0.01%, or 0.0001)

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