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In 2014 XYZ Co. had sales of $74 billion and a net income of $23...

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Finance

In 2014 XYZ Co. had sales of $74 billion and a net income of $23 billion, and its year-end total assets were $200 billion. The firm's total debt to total assets ratio was 45.3%. What was XYZ Co.s Return on Equity (ROE) in 2014?

a. 22.97%

b. 8.67%

c. 25.62%

d. 21.02%

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