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Acme Inc had a total assets turnover of 1.36, an equity multiplier of 1.75, and net income of $10,800 on $295,000 of sales. Calculate the

Acme Inc had a total assets turnover of 1.36, an equity multiplier of 1.75, and net income of $10,800 on $295,000 of sales. Calculate the return on equity:

8.71%

9.07%

9.43%

9.11%

836%

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