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Billy Bob Corp has a profit margin (income to sales) of 3.1%. Sales-to-assets measures a ratio...

Billy Bob Corp has a profit margin (income to sales) of 3.1%. Sales-to-assets measures a ratio of 1.2x. The capital structure of BBC is 40% debt & 60% equity. What is BBC's return on equity?  (Answer in % format with no % sign needed, xx.x, to the level of 10 basis points.)

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jeff jeffy answered 3 months ago
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