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Lauer company reported net income of 66800 on sales of

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Lauer Company reported net income of $66,800 on sales of $300,000. The company has total assets of $500,000 and total liabilities of $100,000. What is the company's return on equity ratio? 10.0%, 12.5%, 16.7% or 50.0%?

Reference no: EM13483558

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