Multiple Choice
If Turnpoint Inc. has net income of $400,000, assets of $5,000,000, sales of $2,000,000, and debt of 2,000,000, what is its return on equity (ROE) ?
A) 13.3%
B) 8%
C) 66.7%
D) 2%
Correct Answer:
Verified
Correct Answer:
Verified
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