Multiple Choice
Cellar Wines has a debt-equity ratio of 0.54,sales of $728,700,net income of $94,900,and total debt of $382,000.What is the return on equity?
A) 16.67%
B) 9.05%
C) 10.75%
D) 15.50%
E) 13.42%
Correct Answer:
Verified
Correct Answer:
Verified
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