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QUESTION
34.A firm has a profit margin of 6.2% and an equity multiplier of 1.2. Its sales are $97 million, and it has total assets of $77 million. What is its...
34.A firm has a profit margin of 6.2% and an equity multiplier of 1.2. Its sales are $97 million, and it has total assets of $77 million. What is its ROE?
Carry out calculations with accuracy and report answers to four decimal places.
