Multiple Choice
Flo's Restaurant has sales of $418,000,total equity of $224,400,a tax rate of 23 percent,a debt-equity ratio of .37,and a profit margin of 5.1 percent.What is the return on assets?
A) 6.93 percent
B) 9.50 percent
C) 11.08 percent
D) 7.13 percent
E) 13.13 percent
Correct Answer:
Verified
Correct Answer:
Verified
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