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The records of Everyday Electronics Corporation for a particular period include the following: Average total assets $ 715,000 Average total liabilities 440,000 Total revenue 191,500
The records of Everyday Electronics Corporation for a particular period include the following:
Average total assets $ 715,000 Average total liabilities 440,000 Total revenue 191,500 Total expenses (including income tax) 130,500
The return on equity ratio is closest to:
A. 22.18%.
B. 5.28%.
C. 13.86%.
D. 8.53%.
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