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A fire has destroyed a large percentage of the financial records of the Carter Health System. You have the task of piecing to
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Answer #1

net income = sales * profit margin

= 4 million * 5.4%

= 216000

Equity = total assets - debt

= 2000000 - 800000

= 1200000

=>

ROE = net income/equity

= 216000/1200000

= 18%

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