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You are thinking of investing in Ella Enterprises. You have only the following information on the firm at year - end 2 0 1 9

You are thinking of investing in Ella Enterprises. You have only the following information on the firm at year-end 2019: net income = $690,000, total debt = $13.9 million, debt ratio =44%. What is Ella's ROE for 2019?

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