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A firm has Return on Assets (ROA) of 11.6 percent, and debt- equity ratio of 43 percent. Calculate the firm's return on equity (ROE).

A firm has Return on Assets (ROA) of 11.6 percent, and debt- equity ratio of 43 percent. Calculate the firm's return on equity (ROE). O 17.52% O 23.67% O 15.42% 16.59%

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