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    Return on Equity

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    A firm with sales of $1,000,000, net profits after taxes of $30,000, total assets of $1,500,000, and total liablilities of $750,000 has a return on equity of ________.

    20 percent, 15 percent, 3 percent, or 4 percent

    please advise answer & why - thanks!

    © BrainMass Inc. brainmass.com March 4, 2021, 6:12 pm ad1c9bdddf
    https://brainmass.com/business/return-on-equity/return-on-equity-34857
    $2.49

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