A firm has sales of $350,000, assets of $175,000, a profit margin of.pdf

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A firm has sales of $350,000, assets of $175,000, a profit margin of 4.5%, and an equity multiplier of 1.5. How much will the return on equity be improved if assets are reduced by $35,000? Select one: a. 2.15% b. 3.38% c. 1.85% d. 4.01%.

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