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Lee Sun's Has Sales of $3,000, Total Assets of $2,500

Question 8

Multiple Choice

Lee Sun's has sales of $3,000, total assets of $2,500, and a profit margin of 5%.The firm has a total debt ratio of 40%.What is the return on equity?

A) 6%
B) 8%
C) 10%
D) 12%
E) 15%

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