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16. Following is some financial information. - Return on Investment (ROI): 8% - Total Assets: 2,450,000 - Total Equity is $1,500,000 - Interest rate: 6.5%

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16. Following is some financial information. - Return on Investment (ROI): 8% - Total Assets: 2,450,000 - Total Equity is $1,500,000 - Interest rate: 6.5% - Asset Turnover Ratio (ATO): 45% What is the Return on Equity (ROE)

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