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A firm has a debt-to-total asset ratio of 75%, $237,000 in debt, and net income of $48,980. Calculate return on equity. (Do not round intermediate calculations.) Multiple Choice 62% 78% There is

A firm has a debt-to-total asset ratio of 75%, $237,000 in debt, and net income of $48,980. Calculate return on equity. (Do not round intermediate calculations.)

Multiple Choice

  • 62%

  • 78%

  • There is not enough information to calculate return on equity.

  • 82%

Apr 12 2021 View more View Less

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