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A firm has net income of $197,400, a return on assets of 9.7 percent, and a debt-equity ratio of .85. What is the return on
A firm has net income of $197,400, a return on assets of 9.7 percent, and a debt-equity ratio of .85. What is the return on equity?
Multiple Choice
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18.98%
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11.67%
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17.95%
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16.22%
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14.45%
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