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Q.2 A firm has the total asset turnover is 5.6, if it has a ROE of 23 percent and a debt-to-equity ratio of 60 percent,

Q.2 A firm has the total asset turnover is 5.6, if it has a ROE of 23 percent and a debt-to-equity ratio of 60 percent, what is the firm's profit margin?

(Give your answer in decimal number, not percentage; and to 6 decimal places, e.g. 0.123456 )

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