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A Firm Has Net Income of $197,400, a Return on Assets

Question 22

Multiple Choice

A firm has net income of $197,400, a return on assets of 8.4 percent, and a debt-equity ratio of .72.What is the return on equity?

A) 11.67 percent
B) 18.98 percent
C) 14.45 percent
D) 16.22 percent
E) 15.06 percent

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