Leo's Markets has sales of $684,000, costs of $437,000, interest paid of $13,800, total assets of...

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Leo's Markets has sales of $684,000, costs of $437,000, interest paid of $13,800, total assets of $712,000, and depreciation of $109,400. The tax rate is 21 percent and the equity multiplier is 1.6. What is the return on equity? 19.48% 21.98% 21.30% 23.92% 20.06% Leo's Markets has sales of $684,000, costs of $437,000, interest paid of $13,800, total assets of $712,000, and depreciation of $109,400. The tax rate is 21 percent and the equity multiplier is 1.6. What is the return on equity? 19.48% 21.98% 21.30% 23.92% 20.06%

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