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A company has total debt of $350,000 and net income of $40,000. Its debt ratio is 0.35. What is the companys return on equity? Question

A company has total debt of $350,000 and net income of $40,000. Its debt ratio is 0.35. What is the companys return on equity?

Question 7 options:

	6.15%
	8.45%
	cannot be determined
	5.25%

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