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The red sea food company has the following relationship Sales/Total Assets: 2.0 Profit Margin: 4% Assets/Equity: 1.5 whats the company return on equity? a)8% b)6%

The red sea food company has the following relationship

Sales/Total Assets: 2.0

Profit Margin: 4%

Assets/Equity: 1.5

whats the company return on equity?

a)8%

b)6%

c)3%

d)12%

please elaborate on answer. thanks

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