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Hartley, Inc. reported a net income of $95,000 on sales $1,400,000. The firm's asset turnover was 1.5, and Hartley maintains a debt-to-equity ratio equal to

Hartley, Inc. reported a net income of $95,000 on sales $1,400,000. The firm's asset turnover was 1.5, and Hartley maintains a debt-to-equity ratio equal to 1.2. What was Hartley's return on equity? Multiple Choice 19.26% 22.39% 16.57% 23.74%

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