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A firm had a net income last year of 1M. They had 6M in sales, with 16M in total assets and an equity multiplier of

A firm had a net income last year of 1M. They had 6M in sales, with 16M in total assets and an equity multiplier of 3. What is the return on equity?

a. 6.25

b. 18.75

c. 37.5

d. 50

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