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 percent.What is the return on equity?
A) 10.6 percent
B) 26.8 percent
C) 31.2 percent
D) 37.4 percent
E) 44.6 percent
Correct Answer:
Verified
Correct Answer:
Verified
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