Multiple Choice
A firm with sales of $1,000,000, net profits after taxes of $30,000, total assets of $1,500,000, and common stockholders' investment of $750,000 has a return on equity of ________.
A) 20 percent
B) 15 percent
C) 3 percent
D) 4 percent
Correct Answer:
Verified
Correct Answer:
Verified
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