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Taylor's Men's Wear Has a Debt-Equity Ratio of 55

Question 77

Multiple Choice

Taylor's Men's Wear has a debt-equity ratio of 55 %, sales of $587,000, net income of $63,400, and total debt of $196,000. What is the return on equity?


A) 15.80 %
B) 17.79 %
C) 18.03 %
D) 19.41 %
E) 19.58 %

Correct Answer:

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