Multiple Choice
Webster & Jones has net income of $49,200, sales of $936,800, a capital intensity ratio of 0.74, and an equity multiplier of 1.5. What is the return on equity?
A) 6.67 percent
B) 8.98 percent
C) 10.65 percent
D) 12.21 percent
E) 14.09 percent
Correct Answer:
Verified
Correct Answer:
Verified
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