Multiple Choice
Mercier United has net income of $128,470.There are currently 32.67 days' sales in receivables.Total assets are $1,419,415, total receivables are $122,306, and the debt-equity ratio is .40.What is the return on equity?
A) 11.42 percent
B) 12.67 percent
C) 13.09 percent
D) 13.48 percent
E) 15.03 percent
Correct Answer:
Verified
Correct Answer:
Verified
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