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A company you have been studying for a possible investment has the following information on its financial statements for the most recent fiscal year:

net margin: 12.0%

total assets: $157 million

revenues: $210 million

shareholder's equity: $110 million

What is the company's return on equity?

a) No way to determine ROE

b) about 22.9 %

c) about 5.7 %

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92793340

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