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Question 8 1 pts Assume Drummond Company has an ROE = 16.6%, a profit margin = 2.9%, and a total asset turnover ratio = 1.3.

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Question 8 1 pts Assume Drummond Company has an ROE = 16.6%, a profit margin = 2.9%, and a total asset turnover ratio = 1.3. What is Drummond's equity multiplier (EM)? ENTER YOUR ANSWER TO TWO DECIMAL PLACES

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