Multiple Choice
Wholesale Grocer's has total assets of $580,000 and total liabilities of $375,000. Net sales for the year are $547,000 and the profit margin is 14 percent. What is the return on equity?
A) 10.6 percent
B) 23.3 percent
C) 31.2 percent
D) 37.4 percent
E) 44.6 percent
Correct Answer:
Verified
Correct Answer:
Verified
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