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If a company has total assets of $800,000, total liabilities of $300,000, total stockholders' equity of $500,000, sales of $400,000, and net income of $80,000,

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If a company has total assets of $800,000, total liabilities of $300,000, total stockholders' equity of $500,000, sales of $400,000, and net income of $80,000, what is its return on equity ratio? Multiple Choice 20% 10% 19% 16%

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