Multiple Choice
In the latest year, Photon, Inc. reported $276,000 in net income. The firm maintains a debt ratio of 30% and has total assets of $3,000,000. What is Photon's return on equity? (Round your percentage answer to one decimal place.)
A) 13.1%
B) 14.6%
C) 22.5%
D) 18.7%
Correct Answer:
Verified
Correct Answer:
Verified
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