Multiple Choice
Use the following information for ECE incorporated:
Assets $200 million
Shareholder Equity $100 million
Sales $300 million
Net Income $15 million
Interest Expense $2 million
-IECE's Return on Assets (ROA) is:
A) 5.0%
B) 8.5%
C) 7.5%
D) 15.0%
Correct Answer:
Verified
Correct Answer:
Verified
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