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QUESTION 25 2 . Teahupoo T-shirts has sales of $200,000, Cost of Goods Sold of 100,000, a net income of $10,000, and the following balance

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QUESTION 25 2 . Teahupoo T-shirts has sales of $200,000, Cost of Goods Sold of 100,000, a net income of $10,000, and the following balance sheet: Cash $10,000 Accounts payable $ 30,000 Receivables 50,000 Other current liabilities 20,000 Inventories 150,000 Long-term debt 50,000 Net fixed assets 90.000 Common equity 200,000 Total assets $300.000 Total liabilities and equity $300,000 Calculate the firm's Return on Equity. 10% 7.5% 12.5% 5%

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