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The Jimmy Golf Company is a chain of golf shops. Its profit margin for 2020 is 8% (0.08); its total assets turnover ratio is 1.0;

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The Jimmy Golf Company is a chain of golf shops. Its profit margin for 2020 is 8% (0.08); its total assets turnover ratio is 1.0; and its equity multiplier is 1.5. What is its return on common equity (ROE) based on the Dupont equation

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