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  3. lee sun's has sales of $3,600, total assets of $3,

Lee Sun's has sales of $3,600, total assets of $3,300, and a profit margin of...

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Accounting

Lee Sun's has sales of $3,600, total assets of $3,300, and a profit margin of 6 percent. The firm has a total debt ratio of 42 percent. What is the return on equity?

5.14 percent

11.29 percent

8.86 percent

6.55 percent

6.00 percent

Answer & Explanation Solved by verified expert
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