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The Peach Pit, a restaurant,has Net Income of $25,000, Sales of $55,000, Assets of $115,000, and no debt . What is their ROE? 21.7% 4.29%

The Peach Pit, a restaurant,has Net Income of $25,000, Sales of $55,000, Assets of $115,000, andno debt. What is their ROE?

21.7%

4.29%

2.17%

42.9%

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Question

The Peach Pit, a restaurant,has Net Income of $25,000, Sales of $55,000, Assets of $115,000, and no debt . What is their ROE? 21.7% 4.29%

The Peach Pit, a restaurant,has Net Income of $25,000, Sales of $55,000, Assets of $115,000, andno debt. What is their ROE? 21.7% 4.29% 2.17% 42.9%

Step by Step Solution

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Recommended Textbook for

The Practice Of Statistics

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Question

The Peach Pit, a restaurant,has Net Income of $25,000, Sales of $55,000, Assets of $115,000, andno debt. What is their ROE?

21.7%

4.29%

2.17%

42.9%