Multiple Choice
The Destin Company reported net income of $50,000 on sales of $300,000. The company has total assets of $500,000 and total liabilities of $100,000. What is the company's return on equity ratio?
A) 10.0%
B) 12.5%
C) 16.7%
D) 50.0%
Correct Answer:
Verified
Correct Answer:
Verified
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