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A firm has a debt - to - total assets ratio of 6 0 % , $ 3 0 0 , 0 0 0 in

A firm has a debt-to-total assets ratio of 60%, $300,000 in debt, and a net income of $50,000. Calculate return on equity.
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40%
20%
25%
There is not enough information to calculate return on equity.

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