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Hartley, Inc. reported a net income of $95,000 on sales $1,250,000. The firm's asset turnover was 2.8, and Hartley maintains a debt-to-equity ratio equal to

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Hartley, Inc. reported a net income of $95,000 on sales $1,250,000. The firm's asset turnover was 2.8, and Hartley maintains a debt-to-equity ratio equal to 0.5. What was Hartley's return on equity? Multiple Choice 2937% 1979% 2362% 31.92%

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