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Samuelson's Has Sales of $317,000,a Profit Margin of 8

Question 7

Multiple Choice

Samuelson's has sales of $317,000,a profit margin of 8.6 percent,an equity multiplier of 1.8,and total debt of $144,400.What is the return on equity?

A) 15.48 percent
B) 14.46 percent
C) 7.05 percent
D) 15.10 percent
E) 11.25 percent

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