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Company XYZ has a debt to equity ratio of 2:1 and a total assets turnover ratio of 0.8. The company's total debt is $300,000 and

Company XYZ has a debt to equity ratio of 2:1 and a total assets turnover ratio of 0.8. The company's total debt is $300,000 and its net income is $150,000. Calculate the company's return on equity (ROE).

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