Multiple Choice
Drive-Up has sales of $31.4 million, total assets of $27.6 million, and total debt of $14.9 million. The profit margin is 3.7 percent. What is the return on equity?
A) 6.85 percent
B) 9.15 percent
C) 11.08 percent
D) 13.31 percent
E) 14.21 percent
Correct Answer:
Verified
Correct Answer:
Verified
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