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A fire destroyed a large percentage of the financial records of the Carter Health System. You have the task of piecing together information to prepare
A fire destroyed a large percentage of the financial records of the Carter Health System. You have the task of piecing together information to prepare a financial report. You have found the profit margin to be 5.4 percent. If sales were $4 million on total assets of $2 million and the amount of debt financing was $800,000, what was Carters return on equity?
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