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November has debt-equity ratio of 0.60, sales of $950,000, profit margin of 12%, and a total debt of $300,000. What is the return on equity?
November has debt-equity ratio of 0.60, sales of $950,000, profit margin of 12%, and a total debt of $300,000. What is the return on equity?
a. 12% b. 14.25% c. 15.2% d. 22.8% e. Other _____ (fill in the blank)
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