During the latest year Ruth Corp. had sales of $300,000 and a net income of $20,000, and its year-end assets were $200,000. The firm’s total debt to total assets ratio was 40%. Based on the Du Pont equation, what was the firm’s ROE? (Points: 5), 15.33% , 15.67% , 16.00% , 16.33% , 16.67%
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