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5. The Carter Co.s return on equity (ROE) is 18%. If sales were $4 million, the debt ratio was 40%, and total liabilities were $2
5. The Carter Co.s return on equity (ROE) is 18%. If sales were $4 million, the debt ratio was 40%, and total liabilities were $2 million, what would be Carters return on assets (ROA)?
A. 10.80%
B. 0.80%
C. 1.25%
D. 12.60%
E. Insufficient information
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