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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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