Ajax Company Has a Debt-Equity Ratio of 0

question 132

Multiple Choice

Ajax Company has a debt-equity ratio of 0.75. Return on assets is 9.5 %. What is the return on equity?

• A) 12.69%
• B) 13.37%
• C) 14.48%
• D) 15.75%
• E) 16.63%

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