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Reliable Cars Has Sales of $807,200,total Assets of $1,105,100,and a Profit

Question 75

Multiple Choice

Reliable Cars has sales of $807,200,total assets of $1,105,100,and a profit margin of 9.68 percent.The firm has a total debt ratio of 78 percent.What is the return on equity?


A) 13.09 percent
B) 16.67 percent
C) 17.68 percent
D) 28.56 percent
E) 32.14 percent

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