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1. Hidalgo Enterprises has a profit margin of 9%, a total assets turnover ratio of 1.8, debt of $5 million and assets of $30 million.
1. Hidalgo Enterprises has a profit margin of 9%, a total assets turnover ratio of 1.8, debt of $5 million and assets of $30 million. What is Hidalgos return on equity?
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a. 15.12%
b. 19.44%
c. 20.93%
d. 22.68%
e. 36.20%
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