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Su Lee's Has Sales of $54,600, Total Assets of $56,100

Question 145

Multiple Choice

Su Lee's has sales of $54,600, total assets of $56,100, and a profit margin of 4 %. The firm has a total debt ratio of 30 %. What is the return on equity?


A) 5.39 %
B) 5.42 %
C) 5.48 %
D) 5.56 %
E) 6.31 %

Correct Answer:

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