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. Question 31 Ike's Cafe Inc. has sales of $919,800, total assets of $949,200, a profit margin of 6.5 percent, and a total debt ratio
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Question 31 Ike's Cafe Inc. has sales of $919,800, total assets of $949,200, a profit margin of 6.5 percent, and a total debt ratio of 0.42. What is the return on equity? 8.94% 12.25% 7.18% 10.86% Question 32 Cincy Markets Inc. has a profit margin of 5.7 percent, a return on assets of 9.8 percent, and a debt- equity ratio of 0.52. What is the return on equity? 18.3 percent 21.1 percent 16.2 percent 14.9 percentStep by Step Solution
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