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ABC had a net profit margin (net income / sales) of 2.5 percent, a total assets turnover (Sales / Assets) of 2.3, and an equity multiplier (Assets / Equity) of 6.4. Given this information, what was

ABC had a net profit margin (net income / sales) of 2.5 percent, a total assets turnover (Sales / Assets) of 2.3, and an equity multiplier (Assets / Equity) of 6.4. Given this information, what was the firm's ROE? (Enter your answer in decimal form to three decimal places, which means convert the percentage into decimal form. 

May 10 2021 View more View Less

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