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This problem uses the DuPont equation. In the prior problem, the book value of equity was $8,500 (that is all you should need from the
This problem uses the DuPont equation. In the prior problem, the book value of equity was $8,500 (that is all you should need from the prior information). If the firm's net profit margin of 20% and and return on equity is 24%, what is the firm's sales? Round to the nearest whole dollar (i.e., integer) and do not include the dollar sign in your answer. Make sure you carry out any intermediate steps to maintain accuracy
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