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17 Freddie's Frozen Treats Inc. has a 16 percent profit margin on sales of $285,570, total debt of $42,637, and total equity of $232,117. Calculate

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17 Freddie's Frozen Treats Inc. has a 16 percent profit margin on sales of $285,570, total debt of $42,637, and total equity of $232,117. Calculate the return on equity for the firm. 16.0% 16.6% 19.7% (D) 48.0% (E) 81.3%

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