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California Retailing Inc. has sales of $4,000,000; the firm's cost of goods sold is $2,500,000;...

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California Retailing Inc. has sales of $4,000,000; the firm's cost of goods sold is $2,500,000; and its total operating expenses are $600,000. The firm's interest expense is $250,000, and the corporate tax rate is 40%. What is California Retailing's net income? $288,000 $350,000 $377,000 $390,000 Quinee Inc., has sales of $13.20 million, total assets of $8.70 million, and total debt of $3.00 million. The profit margin is 8% What is ROE? 24.68% 15.50% 12.76% 18 53%

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