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#48 A firm has a debt to asset ratio of 75%, $246,000 in debt, and net income of $53,300. Calculate return on equity. (Do not

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A firm has a debt to asset ratio of 75%, $246,000 in debt, and net income of $53,300. Calculate return on equity. (Do not round Intermediate calculations.) 85% 81% 75% 65%

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