Multiple Choice
Millers Metalworks, Inc. has a total asset turnover of 2.5 and a net profit margin of 3.5%. The total debt ratio for the firm is 50%. Calculate Millers's return on equity.
A) 17.5%
B) 19.5%
C) 21.5%
D) 23.5%
Correct Answer:
Verified
Correct Answer:
Verified
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