Problemsamuelsons has a debt-equity ratio of 23 percent, Ask an Expert

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Problem:

Samuelson's has a debt-equity ratio of 23 percent, sales of $6,500, net income of $1,500, and total debt of $7,700. What is the return on equity? Show your all work and please provide step by step solution.

A. 2.30 percent

B. 23.08 percent

C. 4.48 percent

D. 19.48 percent

E. 3.64 percent

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