Multiple Choice
A firm has net income of $114,000,a return on assets of 12.6 percent,and a debt-equity ratio of 0.60.What is the return on equity?
A) 17.11 percent
B) 18.98 percent
C) 20.16 percent
D) 22.20 percent
E) 24.60 percent
Correct Answer:
Verified
Correct Answer:
Verified
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