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Problem 4-6 DuPont and Roe A firm has a profit margin of 3% and an equity multiplier of 2.6. Its sales are $280 million, and

Problem 4-6 DuPont and Roe

A firm has a profit margin of 3% and an equity multiplier of 2.6. Its sales are $280 million, and it has total assets of $140 million. What is its ROE? Do not round intermediate calculations. Round your answer to two decimal places.

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