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Southern Cross, Co. (SCC) has sales of $4,900,000, a total asset turnover of 2.0 and a total debt ratio of 0.6. The company reported net
Southern Cross, Co. (SCC) has sales of $4,900,000, a total asset turnover of 2.0 and a total debt ratio of 0.6. The company reported net income of $256,000 and has a tax rate of 20%. What is the company's ROE? Multiple Choice
0.104
0.063
0.327
0.261
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