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A firm's net income for the year was $200,000. Average assets totaled $1.5 million, and average liabilities totaled $0.3 million. Return on equity was:

A. 13.3%

B. 16.7%

C. 10%

D. 20%

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M941410

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