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5. A fire has destroyed a large percentage of the financial records of the Carter Company. You have the task of piecing together information in

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5. A fire has destroyed a large percentage of the financial records of the Carter Company. You have the task of piecing together information in order to release a financial report. You have found the return on equity to be 25%. If sales were $61,000,000, the debt ratio was 40%, and total liabilities were $12,000,000, what would be the return on assets (ROA)? a. 8.33% b. 10.00% C. 16.56% d. 19.94% P 15.00%

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