Multiple Choice
Catherine's Consulting has a net income of $ 1,400 and a total equity of $ 12,000.The debt-equity ratio is 1.0 and the plowback is 30%.What is the return on assets?
A) 4.24%
B) 4.64%
C) 5.23%
D) 5.83%
E) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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