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Lee Sun's has sales of $3,700, total assets of $3,400, and a profit margin of 4 percent. The firm has a total debt ratio of
Lee Sun's has sales of $3,700, total assets of $3,400, and a profit margin of 4 percent. The firm has a total debt ratio of 40 percent. What is the return on equity?
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Advanced Accounting
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
11th Edition
978-0132568968, 9780132568968
