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Catherine's Consulting Has a Net Income of $1,400 and a Total

Question 37

Multiple Choice

Catherine's Consulting has a net income of $1,400 and a total equity of $12,000. The debt-equity ratio is 1.0 and the plowback is 30%. What is the return on assets?


A) 4.24%
B) 4.64%
C) 5.23%
D) 5.83%
E) None of these.

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