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Question 12. Total Asset Turnover is 775,000; ROA is 0.09; Stockholders' equity is $450,000. Calculate ROE. Express your answer as a percentage (without using the

Question 12.

Total Asset Turnover is 775,000; ROA is 0.09; Stockholders' equity is $450,000.

Calculate ROE.

Express your answer as a percentage (without using the % symbol) and round to 2 decimal places.

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