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"ABC Company has $110,000 of assets, and it uses only equity to finance its assets....

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"ABC Company has $110,000 of assets, and it uses only equity to finance its assets. Its sales for the last year were $177,000, and its net income after taxes was $83,000. Stockholders recently voted in a new management team that has promised to lower costs and get the return on equity to 16% What profit margin would "ABC" Company need in order to achieve the 16% ROE, holding everything else constant

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