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Question 9 2.5 pts A public company has $45336 of assets, and it uses only common equity capital (zero debt). Its sales for the last

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Question 9 2.5 pts A public company has $45336 of assets, and it uses only common equity capital (zero debt). Its sales for the last year were $11168, and its net income was $893.44. Stockholders recently voted in a new management team that has promised to lower costs and get the return on equity (ROE) up to 18%. What profit margin would the firm need in order to achieve the 18% ROE, holding everything else constant? 40.18% 54.8% 109.6% 73.07 73.07%

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