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Problem 19-13 A firm has an ROE of 4.8 % , a debt-to-equity ratio of 0.6, and a tax rate of 35% and pays an

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Problem 19-13 A firm has an ROE of 4.8 % , a debt-to-equity ratio of 0.6, and a tax rate of 35% and pays an interest rate of 8% on its debt. What is its operating ROA? (Do not round intermediate calculations. Round your answer to 2 deci mal places.) ROA %

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