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A firm has a debt-to-asset ratio of 40%, a debt of $320,000, and a net income of $67,200. The return on equity is 16%. 14%.

A firm has a debt-to-asset ratio of 40%, a debt of $320,000, and a net income of $67,200. The return on equity is 16%. 14%. 12%. There's not enough information to determine the return on equity

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