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Samuelson's Has a Debt-Equity Ratio of 40%,sales of $8,000,net Income

Question 35

Multiple Choice

Samuelson's has a debt-equity ratio of 40%,sales of $8,000,net income of $600,and total debt of $2,400. What is the return on equity?

A) 6.25%
B) 7.50%
C) 9.75%
D) 10.00%
E) 11.25%

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