Multiple Choice
Al's Markets earns $.12 in profit for every $1 of equity and borrows $.65 for every $1 of equity.What is the firm's return on assets?
A) 12.00 percent
B) 7.27 percent
C) 15.15 percent
D) 13.75 percent
E) 8.33 percent
Correct Answer:
Verified
Correct Answer:
Verified
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