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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?

  • A. 6.91%

  • B. 24.00%

  • C. 19.20%

  • D. 10.80%

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