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Davis Company has provided the following financial data: Total Asset Turnover = .245 Net Income = $400,000 Equity Multiplier = 1.20 Net Sales = $1,300,000
Davis Company has provided the following financial data:
Total Asset Turnover = .245
Net Income = $400,000
Equity Multiplier = 1.20
Net Sales = $1,300,000
What is the Return on Equity?
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