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A firm has total opening equity of $600,000 and total closing equity s of $600,000. It has total closing assets of $810,000 and total closing
A firm has total opening equity of $600,000 and total closing equity s of $600,000. It has total closing assets of $810,000 and total closing liabilities of $210,000. If net income is $120,000, the return on Owner's Equity is:
Select one:
a. 20%.
b. 9%.
c. 12.5%.
d. 8%.
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