Katz reports total revenue of $245,600, cost of goods sold of $18,950 and net income...
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Accounting
Katz reports total revenue of $245,600, cost of goods sold of $18,950 and net income of $121,000. Their total assets are $585,000 and total liabilities are $175,000. What is their return on equity (ROE)?
Group of answer choices
41.98%
33.12%
20.68%
29.51%
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