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MH's has annual sales of $800,000, total debt of $160,000, total equity of $300,000, and a profit margin of 6.0 percent. What is the return

MH's has annual sales of $800,000, total debt of $160,000, total equity of $300,000, and a profit margin of 6.0 percent. What is the return on assets?

A.

9.94 percent

B.

6.48 percent

C.

10.43 percent

D.

11.59 percent

E.

7.78 percent

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