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Ragtop inc has total assets of 94000 a debt-equity ratio

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Ragtop, Inc. has total assets of $94,000, a debt-equity ratio of1.0, and net income of $3,700. What is the return on equity?

a. 1.91 percent
b. 3.94 percent
c. 7.87 percent
d. 10.09 percent
e. 13.61 percent

Reference no: EM13573535

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