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7. Cellar Wines has a debt-equity ratio of 42 percent, sales of $849,000, net income of $76,800, and total debt of $349,000. What is the

Cellar Wines has a debt-equity ratio of 42 percent, sales of $849,000, net income of $76,800, and total debt of $349,000. What is the return on equity?

9.05%

15.50%

10.75%

5.24%

9.24%

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