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Federico's has a net income of 29,600, a total asset turnover of 1.4, total assets of 318,600, and a debt-equity ratio of .35. What is
Federico's has a net income of 29,600, a total asset turnover of 1.4, total assets of 318,600, and a debt-equity ratio of .35. What is the return on equity? A.16.72% B. 8.40% c. 12.54%, d. 14.67% E. 17.56%
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