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Taylor's Men's Wear has a debt - equity ratio of 4 8 percent, sales of $ 8 2 9 , 0 0 0 , net

Taylor's Men's Wear has a debt

-

equity ratio of

48

percent, sales of $

829, 000,

net income of $

47, 300,

and total debt of $

206, 300 .

What is the return on equity?

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