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Consider the following financial data for Heavens-door Corporation: Cash $100 million Total fixed assets $280 million Annual sales $1,200 million Net income $418 million Inventory
Consider the following financial data for Heavens-door Corporation: Cash $100 million Total fixed assets $280 million Annual sales $1,200 million Net income $418 million Inventory $180 million Current liabilities $134 million Current ratio 3.2 45 days Day's sales outstanding Average equity $550 million On the basis of these financial data, what is the firm's return on equity? O 76% O 30% O 114.6% O 71.6%
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