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Catherine's Consulting has net income of $4,400 and total equity of $39,450. The debt-equity ratio is 1 and the plowback ratio is 40 percent. What
Catherine's Consulting has net income of $4,400 and total equity of $39,450. The debt-equity ratio is 1 and the plowback ratio is 40 percent. What is the return on assets?
A) 6.09%
B) 5.58%
C) 5.72%
D) 5.23%
E) 6.24%
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