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Cellar Wines has a debt-equity ratio of 0.62, sales of $592,500, net income of $93,700, and total debt of $320,000. What is the return on

Cellar Wines has a debt-equity ratio of 0.62, sales of $592,500, net income of $93,700, and total debt of $320,000. What is the return on equity? Group of answer choices

20 percent

23 percent

30 percent

18 percent

26 percent

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