Katz 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) 33.72%
B) 12.19%
C) 6.16%
D) 21.38%
Answer: B
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Indicate whether the statement is true or false
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