What is the return on equity ratio
Response to the following problem:
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?
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The company has total assets of $500,000 and total liabilities of $100,000. What is the company's return on equity ratio?
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