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Question 8: Time: 25 minutes Total: 15 marks A Lahore firm has a net income of $34,000 which provides a 15% return on assets. The

Question 8: Time: 25 minutes Total: 15 marks A Lahore firm has a net income of $34,000 which provides a 15% return on assets. The firm has a debt-equity ratio of .40. What is the return on equity?

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