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Rogers Radiators Has Net Income of $48,200, Sales of $947,100

Question 24

Multiple Choice

Rogers Radiators has net income of $48,200, sales of $947,100, a capital intensity ratio of .87, and an equity multiplier of 1.53.What is the return on equity?


A) 6.77 percent
B) 5.93 percent
C) 8.95 percent
D) 12.21 percent
E) 14.09 percent

Correct Answer:

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