Multiple Choice
Selzer Inc. sells all its merchandise on credit. It has a profit margin of 4 percent, days sales outstanding equal to 60 days (based on a 365-day year) , receivables of $147,945.2, total assets of $3 million, and a debt ratio of 0.64. What is the firm's return on equity (ROE) ?
A) 7.1%
B) 33.3%
C) 3.3%
D) 71.0%
E) 8.1%
Correct Answer:
Verified
Correct Answer:
Verified
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