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A firm had Return on Assets (ROA) of 16% and had the debt-equity ratio of 0.22. Calculate the firm's Return on Equity (ROE). 20.51% 19.52%

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A firm had Return on Assets (ROA) of 16% and had the debt-equity ratio of 0.22. Calculate the firm's Return on Equity (ROE). 20.51% 19.52% 18.25% 22.31%

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