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Third Rock Ventures sells all its merchandise on credit. It has a profit margin...
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Third Rock Ventures sells all its merchandise on credit. It has a profit margin of 8%, days sales outstanding were 60 days based on 360 days in a year, receivables of R180 000, total assets of R4000 000, and a debt ratio of 0,75. What is the company's return on equity (ROE)?
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