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Dennis Company Reported Net Income of $50,000 on Sales of $300,000.The

Question 64

Multiple Choice

Dennis Company reported net income of $50,000 on sales of $300,000.The company has average total assets of $500,000 and average total liabilities of $100,000.What is the company's return on equity ratio?


A) 10.0%
B) 16.7%
C) 12.5%
D) 50.0%

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