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Diamond Inc.'s sales is $520,000, its operating income is $84,000, average total assets are $480,000,...

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Question

Accounting

Diamond Inc.'s sales is $520,000, its operating income is $84,000, average total assets are $480,000, and average shareholders' equity is $200,000. Determine the company's return on shareholders' equity.

a.36.5%

b.55.2%

c.22.6%

d.42.0%

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