Chen's Salons Inc. (Chen) net income for 2020 was $79,500. Chen's return on assets (ROA)...
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Chen's Salons Inc. (Chen) net income for 2020 was $79,500. Chen's return on assets (ROA) for the year was 11.20% and its debt-to-equity ratio was 0.7:1.0.
What was Chen's return on equity (ROE) for the year?
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