Multiple Choice
Mike's Place has total assets of $152,080, a debt-equity ratio of .62, and net income of $14,342 What is the return on equity?
A) 13.48 percent
B) 13.73 percent
C) 15.74 percent
D) 15.28 percent
E) 14.61 percent
Correct Answer:
Verified
Correct Answer:
Verified
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