The problem belongs to basic accounting and it discusses, Accounting Basics

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The problem belongs to basic accounting and it discusses

Problem-

A firm has a debt to equity ratio of 40%, debt of $250,000, and net income of $100,000. The return on equity is

a). 60%

b). 16%

c). 30%

d). not enough information

Additional Requirement-

The problem belongs to Basic Accounting and it discusses about calculation of return on equity.

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Accounting Basics: The problem belongs to basic accounting and it discusses

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Accounting Basics: The problem belongs to basic accounting and it discusses

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