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Nadine Enterprises Has Total Assets of $240,000, a Debt-Equity Ratio

Question 78

Multiple Choice

Nadine Enterprises has total assets of $240,000, a debt-equity ratio of 0.60, and a return on assets of 9%. What is the return on equity?

A) 5.4%
B) 5.6%
C) 14.4%
D) 15.0%

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