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Problem
A company with net sales of $820,000 and net income of $210,000, average total assets of $1,400,000 and average common equity of $940,000 is using the DuPont Model for financial analysis. What is the company’s ROE?
A
22.3%
B
87.2%
C
15.0%
D
58.5%
9:24m
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