Solved

Diamond Inc

Question 64

Multiple Choice

Diamond Inc.'s sales is $520,000, its operating income is $84,000, average total assets are $480,000, and average shareholders' equity is $200,000.Determine the company's return on shareholders' equity.​


A) ​22.6%
B) ​36.5%
C) ​42.0%
D) ​55.2%

Correct Answer:

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