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A company reported net income of $56,000 on sales of $360,000. The company has total assets of $590,000 and total liabilities of $160,000. What is

A company reported net income of $56,000 on sales of $360,000. The company has total assets of $590,000 and total liabilities of $160,000. What is the company's return on equity ratio? (NOTE, don't forget ratios from CH 9 are listed out in the instructions part of the exam.) 15.56% 9.49% 35.00% 13.02%

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