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Business, 09.07.2019 06:10 chynahbug72531

Mib william corp. has $875,000 of assets, and it uses only common equity capital (zero debt). its sales for the last year were $1,020,000, and its net income was $105,000. stockholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 20.0%. what profit margin would the firm need in order to achieve the 20% roe, holding everything else constant?

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