The Noodle Place Has Total Assets of $123,800, a Debt-Equity

Multiple Choice

The Noodle Place has total assets of $123,800, a debt-equity ratio of 0.65, and net income of $7,100. What is the return on equity?

A) 3.48 percent
B) 3.73 percent
C) 8.01 percent
D) 9.46 percent
E) 13.61 percent