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Thomas Company had income before interest and taxes of $126,000. Interest expense for the period was $17,600 and income taxes amounted to $29,100. The average
Thomas Company had income before interest and taxes of $126,000. Interest expense for the period was $17,600 and income taxes amounted to $29,100. The average stockholders' equity was $686,000. Thomas' return on equity (ROE) is closest to:
Group of answer choices
15.80%.
18.37%.
14.13%.
11.56%.
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