Solved: The total assets to equity ratio for the firm is 22, Finance Basics

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The total assets to equity ratio for the firm is 22

Vintage, Inc. has a total asset turnover of 1.32 and a net profit margin of 5.52 percent. The total assets to equity ratio for the firm is 2.2. Calculate Vintage's return on equity.

Round the answers to two decimal places in percentage form. (Write the percentage sign in the answer).

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Finance Basics: The total assets to equity ratio for the firm is 22

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