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Dunder-Mifflin had sales of $2,500,000, a total asset turnover of 0.8, 30 days worth of sales in receivables, net income of $120,000 and a debt
Dunder-Mifflin had sales of $2,500,000, a total asset turnover of 0.8, 30 days worth of sales in receivables, net income of $120,000 and a debt ratio of 0.8. What was their Return on Equity?
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A. 6.91%
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B. 24.00%
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C. 19.20%
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D. 10.80%
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