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A firm has a debt to asset ratio of 75%, $228,000 in debt, and net income of $48,640. Calculate return on equity. (Do not round

A firm has a debt to asset ratio of 75%, $228,000 in debt, and net income of $48,640. Calculate return on equity. (Do not round intermediate calculations.)

a) 80%

b) 84%

c) 64%

d) 75%

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