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The board of directors is dissatisfied with last year's ROE of 15 If the profit margin and asset turnover ratio remain unchanged at 8 and

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The board of directors is dissatisfied with last year's ROE of 15 If the profit margin and asset turnover ratio remain unchanged at 8 and 1.25 respectively, by how much must the leverage ratiolle, assets/equity) increase to achieve 20% ROE? Select one O a. 16.67% O b.596 O c. 50% Od 33.3396

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