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The Davis Company Reported Net Income of $60,000 on Sales

Question 24

Multiple Choice

The Davis Company reported net income of $60,000 on sales of $300,000.The company has total assets of $500,000 and total liabilities of $100,000.What is the company's return on equity ratio?


A) 10.0%
B) 12.5%
C) 15.0%
D) 20.0%

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