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Higgins Beach Bakery has Net Income of $ 1 5 0 , 0 0 0 on Sales of $ 6 , 0 0 0 ,

Higgins Beach Bakery has Net Income of $150,000 on Sales of $6,000,000. They have total debt of $800,000 and total common equity of $1,200,000. If their Debt Ratio is 0.50, what is the Return on Equity?

  

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