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Problem 4-6: DUPONT AND ROE: A firm has a profit margin of 3% and an equity multiplier of 1.9. Its sales are $150 million, and

Problem 4-6:

DUPONT AND ROE:A firm has a profit margin of 3% and an equity multiplier of 1.9. Its sales are $150 million, and it has total assets of $60 million. What is its ROE?

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