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7. A fire has destroyed many of the financial records at Abbaali Associates. You are assigned to piece together information to prepare a financial report.

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7. A fire has destroyed many of the financial records at Abbaali Associates. You are assigned to piece together information to prepare a financial report. You have found that the firm's return on equity is 14 percent and its debt ratio is.60. What is its return on assets? a. 4.90% b. 5.60% c. 6.8090 d. 7.20% e. 8.00%

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