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A firm has sales of $ 4 2 8 , 0 0 0 , costs of $ 2 8 9 , 0 0 0 ,

A firm has sales of $428,000, costs of $289,000, and net income of $36,000. The total asset turnover is 1.2 and the debt-equity ratio is 0.4. What is the return on equity?
Question 6 options:
12.74%
10.50%
14.13%
9.81%

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