Question: Question Workspace Check My Work ( 2 remaining ) eBook Problem Walk - Through A firm has a profit margin of 5 % and an

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Check My Work (2 remaining)
eBook
Problem Walk-Through
A firm has a profit margin of 5% and an equity multiplier of 2.6. Its sales are $380 million, and it has total assets of $190 million. What is its ROE? Do not round intermediate calculations. Round your answer to two decimal places.

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