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Problem 3 - 1 DuPont Identity If Rogers, Incorporated, has an equity multiplier of 1 . 4 6 , total asset turnover of 1 .

Problem 3-1 DuPont Identity
If Rogers, Incorporated, has an equity multiplier of 1.46, total asset turnover of 1.5, and a profit margin of 5.6 percent, what is its ROE? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.)

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