Its sales are 320 million and it has total assets of 128


A firm has a profit margin of 3.5% and an equity multiplier of 2.1. Its sales are $320 million, and it has total assets of $128 million. What is its ROE? Do not round intermediate calculations. Round your answer to two decimal places

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Finance Basics: Its sales are 320 million and it has total assets of 128
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