Multiple Choice
A firm earns $0.17 in profit for every $1 of equity in the firm. The company borrows $0.60 for every $1 of equity. What is the firm's return on assets?
A) 10.63 percent
B) 13.53 percent
C) 25.15 percent
D) 26.07 percent
E) 28.33 percent
Correct Answer:
Verified
Correct Answer:
Verified
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