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Calculate Return on Equity from the Following Information: Sales =

Question 21

Multiple Choice

Calculate return on equity from the following information: Sales = $400,000
Expenses = $100,000
Debts incurred = $120,000
Owner's equity = $180,000

A) 2:3
B) 3:2
C) 5:3
D) 4:5
E) 5:1

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