A business sells all its merchandise on credit. What is the firm's return on equity (ROE)?
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33. A business sells all its merchandise on credit. It has a profit margin of 4%, days sales outstanding equal to 60 days, recivables of $150K, total assets of $3million, and debt ration of 0.64. What is the firm's return on equity (ROE).
7.1
33.3
3.3
71.0
8.1
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