Multiple Choice
Last year Harrington Inc. had sales of $325,000 and a net income of $19,000, and its year-end assets were $250,000. The firm's total-debt-to-total-assets ratio was 45.0%. Based on the DuPont equation, what was the ROE?
A) 13.82%
B) 14.51%
C) 15.23%
D) 16.00%
E) 16.80%
Correct Answer:
Verified
Correct Answer:
Verified
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