Multiple Choice
The Marshall Company has determined that its return on equity is 18.5%. Management is interested in the various components that went into this calculation. You are given the following information: Sales = $12 M, Return on Assets = 7.5% and Return on Sales = 4.5%. What percentage of the company's assets are financed by equity? (Round to the nearest whole percentage)
A) 24%
B) 37%
C) 41%
D) 53%
Correct Answer:
Verified
Correct Answer:
Verified
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