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Gulliver's Travel had a net income of $67,280 on its December 31 income statement. The balance sheet on the same day showed equity of $121,500. What is its return on equity, to the nearest tenth percent?

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Gulliver's Travel had a net income of $67,280 on its December 31 income statement. The balance sheet on the same day showed equity of $121,500. What is its return on equity, to the nearest tenth percent?






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