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If sales=$1,500K, cost and depreciation=$500K, interest expense=$300K, tax rate=20%, and book value of equity=$8,000K, what is ROE? (Hint: ROE=NI/Book value of equity; using income statement

If sales=$1,500K, cost and depreciation=$500K, interest expense=$300K, tax rate=20%, and book value of equity=$8,000K, what is ROE? (Hint: ROE=NI/Book value of equity; using income statement equation)

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