Multiple Choice
Wholesale Grocer's has total assets of $580,000 and total liabilities of $375,000. Net sales for the year are $523,000 and the profit margin is 10.5%. What is the return on equity?
A) 10.6%
B) 26.8%
C) 31.2%
D) 37.4%
E) 44.6%
Correct Answer:
Verified
Correct Answer:
Verified
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