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A firm has a debt-to-total asset ratio of 75%, $267,000 in debt, and net income of $62,300. Calculate return on equity. (Do not round intermediate

A firm has a debt-to-total asset ratio of 75%, $267,000 in debt, and net income of $62,300. Calculate return on equity. (Do not round intermediate calculations.) Multiple Choice There is not enough information to calculate return on equity. 70% 90% 86%

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