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The Buffalo Manufacturing Company has total assets of $88 million, an asset turnover of 2.2 times, and a net profit margin of 18.1%. Find Buffalo's
The Buffalo Manufacturing Company has total assets of $88 million, an asset turnover of 2.2 times, and a net profit margin of 18.1%. Find Buffalo's ROE, given that 40.9% of the assets are financed with stockholders' equity.
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