Multiple Choice
Dennis Company reported net income of $66,000 on sales of $460,000. The company has average total assets of $740,000 and average total liabilities of $260,000. What is the company's return on equity ratio?
A) 13.75%
B) 14.35%
C) 25.38%
D) 8.92%
Correct Answer:
Verified
Correct Answer:
Verified
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