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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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