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Kansas Office Supply had $ 2 4 , 0 0 0 , 0 0 0 in sales last year. The company's net income was $

Kansas Office Supply had $

24, 000, 000

in sales last year. The company's net income was $

400, 000 .

Its total assets turnover was

6.0 .

The company's ROE was

15

percent. The company is financed entirely with debt and common equity. What is the company's equity ratio?

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