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Naomi Nagata is analyzing Gateway Tours and notes the company has a net income of $45 million, total equity of $12 million, debt to equity

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Naomi Nagata is analyzing Gateway Tours and notes the company has a net income of $45 million, total equity of $12 million, debt to equity ratio of 0.5, and a retention rate of 65%, Gateway's ROA is closest to: A. 5.625%. B. 3.656%. C. 2.500%

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