Multiple Choice
A company has sales of $640,000, net profit after taxes of $23,000, a total asset turnover of 2.5 and an equity multiplier of 1.67. What is the return on equity?
A) 15%
B) 9.0%
C) 8.1%
D) 4.5%
Correct Answer:
Verified
Correct Answer:
Verified
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