MGM reports total revenue of $375,650, cost of goods sold of $267,400 and net income of $48,325.
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Question:
MGM reports total revenue of $375,650, cost of goods sold of $267,400 and net income of $48,325. Their total assets are $784,325 and total liabilities are $387,775. What is their return on equity (ROE)?
a.
21.38%
b.
33.72%
c.
6.16%
d.
12.19%
e.
18.5%
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