Multiple Choice
Corbin,Inc.had net income of $150,000 on sales of $5,000,000 during 2014 In addition,the firm's total assets were $2,500,000,and its capital structure is comprised of 40% debt and 60% equity.What was Corbin's return on equity in 2014?
A) 15%
B) 2.5%
C) 10%
D) Return on equity cannot be determined with the information provided.
Correct Answer:
Verified
Correct Answer:
Verified
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