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Company ABC has Net income of $2 million last year on sales of $8 million, ABC has $40 million in total assets, $30 million in
Company ABC has Net income of $2 million last year on sales of $8 million, ABC has $40 million in total assets, $30 million in total liabilities and $10 million in shareholder's equity. what was ABC'S return on equity last year?
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