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A fire has destroyed a large percentage of the financial records of the Carter Company. You have the task of piecing together information in order
A fire has destroyed a large percentage of the financial records of the Carter Company. You have the task of piecing together information in order to release a financial report. You have found the return on equity to be 23%. If sales were $39,000,000, the debt ratio was 36%, and total liabilities were $16,000,000, what would be the return on assets (ROA)?
Question options:
| 8.28% |
| 14.72% |
| 16.25% |
| 19.56% |
| 6.90% |
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