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Hartley, Inc. reported a net income of $115,000 on sales $1,200,000. The firm's asset turnover was 2.4, and Hartley maintains a debt-to-equity ratio equal to
Hartley, Inc. reported a net income of $115,000 on sales $1,200,000. The firm's asset turnover was 2.4, and Hartley maintains a debt-to-equity ratio equal to 0.5. What was Hartley's return on equity? Multuple Cholce 34.5% 47.61% 37.26% 44.16%
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