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Question
Selzer Inc. sells all its merchandise on credit. It has a profit margin of 4 percent, days sales outstanding equal to 60 days, receivables of $150,000, total assets of $3 million, and a debt ratio of 0.64. What is the firm's return on equity (ROE)?
a. 7.1%
b. 33.3%
c. 3.3%
d. 71.0%
e. 8.1%
Answer
This answer is hidden. It contains 274 characters.
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