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Andrade Corp Has Debt of $2,834,950, Total Assets of $5,178,235

Question 63

Multiple Choice

Andrade Corp has debt of $2,834,950, total assets of $5,178,235, sales of $8,234,121, and net income of $812,355. What is the firm's return on equity? Round your final answer to one decimal place.


A) 7.1%
B) 34.7%
C) 28.1%
D) 43.2%

Correct Answer:

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