Assume That the Following Financial Ratios Were Computed from the 2017

Multiple Choice

Assume that the following financial ratios were computed from the 2017 financial statements of Florida Industries:
$$\begin{array} { | l | l | } \hline \text { Return on sales (profit margin) } & 0 . 3 0 \\\hline \text { Return an assets } & 0 . 1 6 \\\hline \text { Common equity leverage } &0 . 8 7 \\\hline \text { Capital structure leverage } & 2 . 2 2 \\\hline \text { Asset turnover } & 1.69 \\\hline\end{array}$$
What was the return on equity for Florida in 2017?

A) 4%
B) 31%
C) 51%
D) 11%