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Return on asset for Clarkson&Co. is equal to 12.3%. This year company paid no interest and has total debt ratio of 0.42. What is the

Return on asset for Clarkson&Co. is equal to 12.3%. This year company paid no interest and has total debt ratio of 0.42. What is the return on equity for Clarkson&Co?

	a.	Cannot be determined
	b.	12.30%
	c.	21.21%
	d.	29.29%
	e.	32.91%

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