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Investment A firm has net income of $239,000, a return on assets of 7 percent, and a debt-equity ratio of .4. What is the return

Investment

A firm has net income of $239,000, a return on assets of 7 percent, and a debt-equity ratio of .4. What is the return on equity? Select one: O a. 9.80 percent O b. 12.50 percent O c. 6.50 percent O d. 4.20 percent O e. 2.80 percent

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