Multiple Choice
Cellar Wines has a debt-equity ratio of 42 percent,sales of $849,000,net income of $76,800,and total debt of $349,000.What is the return on equity?
A) 5.24%
B) 9.05%
C) 10.75%
D) 15.50%
E) 9.24%
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q46: The only difference between Joe's and Moe's
Q49: Parker's Meats has total assets of $411,900,a
Q50: Vaun's Pet Store paid $16,950 in interest
Q51: From a cash flow position,which one of
Q52: Which ratio calculates the amount of sales
Q53: Suppose a firm calculates its external funding
Q55: Assume JustDoIt Co.increases its operating efficiency such
Q56: Rosario's has sales of $114,500,total debt of
Q57: A firm has a debt-equity ratio of
Q59: Which cash coverage ratio would a lender