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A firm has net working capital of $850, total liabilities of $5,280, and total assets of $7,600. During the year sales were $9,750, net income,
A firm has net working capital of $850, total liabilities of $5,280, and total assets of $7,600. During the year sales were $9,750, net income, was $400, and paid taxes of $150. What was the Return on Equityduring the year?
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