What is the firms return on equity

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A firm has a profit margin of 15 percent on sales of $20,000,000. If the firm has total debt of $7,500,000, total assets of $22,500,000, what is the firm’s Return on Equity [ROE]? show work

a. 10.9%

b. 12.0%

c. 13.3%

d. 20.0%

e. 40.0%

Reference no: EM131264073

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