Solved

The Saw Mill Has a Return on Assets of 6

Question 48

Multiple Choice

The Saw Mill has a return on assets of 6.1 percent,a total asset turnover rate of 1.8,and a debt-equity ratio of 1.6.What is the return on equity?

A) 4.26 percent
B) 9.76 percent
C) 12.28 percent
D) 15.86 percent
E) 19.03 percent

Related Questions

Q43: Tom's Hardware has inventory of $318,000,equity of

Q44: Aardvaark & Co.has sales of $291,200,cost of

Q45: Explain why the DuPont identity is so

Q46: Fresh Foods has sales of $213,600,total assets

Q47: Martha's Fabric House has sales of $137,200,total

Q49: The Blue Lagoon has a return on

Q50: Fried Foods has sales of $238,900,total assets

Q51: Western Hardwood Sales has total equity of

Q52: Peterboro Supply has a current accounts receivable

Q53: Joshua's Antiques has a total asset turnover